A Cash Flow Problem
Anna had her first big lesson on the importance of cash last night. For the past couple of months, Anna has been given an allowance of $1 a week for doing some chores. Recently, she has failed to do the chores, thus did not receive her allowance. It did not seem to bother her until she decided she wanted a bracelet maker.
One her friends from school has a bracelet maker and Anna has been asking her Mom for weeks to stop at Michaels's to get one. Last night, Anna finally got to go to Michael's to pick up some items for a school project. She grabbed her doggie purse and change purse from Grandma in anticipation of a big purchase.
When she found the bracelet maker, the price was $20. After counting her money, she discovered that she had $3.67 with her. There was a smaller bracelet maker for $13. After attempting to barter with her Mom and getting no where (Mom told her she had to use her own money for the purchase), she sadly left the store with a plan to talk to Dad when she got home. Mom suggested that she think of some ways to earn more money. When she arrived at home, Anna burst into tears when telling her dad about her cash plight. Dad suggested she find a way to make more money.
Anna decided to count the rest of her money (she has some that must stay in the bank and some she can spend). She discovered that she now has $10.73. After Mom explained the 40% off coupon concept (now that was an interesting lesson), Anna figured that she needed about $3 more. She suddenly remembered that Dad pays her 25 cents for every cave cricket she kills in the basement. She also decided that she would do extra chores to make up for the ones she missed earlier in the week. In fact, when she woke up this morning she immediately made her bed and announced her chore plan for the day (which she stuck to).
We will see how long it takes her to earn her money (she is pretty determined). In the meantime, she is learning the value of her allowance.
One her friends from school has a bracelet maker and Anna has been asking her Mom for weeks to stop at Michaels's to get one. Last night, Anna finally got to go to Michael's to pick up some items for a school project. She grabbed her doggie purse and change purse from Grandma in anticipation of a big purchase.
When she found the bracelet maker, the price was $20. After counting her money, she discovered that she had $3.67 with her. There was a smaller bracelet maker for $13. After attempting to barter with her Mom and getting no where (Mom told her she had to use her own money for the purchase), she sadly left the store with a plan to talk to Dad when she got home. Mom suggested that she think of some ways to earn more money. When she arrived at home, Anna burst into tears when telling her dad about her cash plight. Dad suggested she find a way to make more money.
Anna decided to count the rest of her money (she has some that must stay in the bank and some she can spend). She discovered that she now has $10.73. After Mom explained the 40% off coupon concept (now that was an interesting lesson), Anna figured that she needed about $3 more. She suddenly remembered that Dad pays her 25 cents for every cave cricket she kills in the basement. She also decided that she would do extra chores to make up for the ones she missed earlier in the week. In fact, when she woke up this morning she immediately made her bed and announced her chore plan for the day (which she stuck to).
We will see how long it takes her to earn her money (she is pretty determined). In the meantime, she is learning the value of her allowance.
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