I have never played the lottery. The only slot machines I ever played were the nickel slots, so maybe I have blown $3 tops on gambling in my whole life. Our religion teaches us that gambling isn't good and can lead to addiction and can ruin lives.
Two weeks ago Bailey went with his grandpa to Iowa for some races. To get to the races they ride a shuttle. On this shuttle they have sort of a roulette game on one of the wheels. When the shuttle arrives at the destination, the person who has the number that was landed on wins the money in the pot. Of course, you have to pay $5 to play. Bailey's grandpa gave each of the kids $5 to do what they wanted. He was trying to teach them a lesson that they would have more money by not playing than by playing and losing. He just didn't count on one of them winning.
Bailey is so into money these days. I think it is the age. He wants money, and lots of it. He doesn't want to necessarily work very hard for his money, but he is very willing to spend it. Bailey decides to play his $5 instead of keeping it. He loses. Lesson learned, right? Wrong. His grandpa also decides to play and he wins the pot of money. Next day, same thing. Bailey has $5 and plays it. He wins!!! $70!!!! His typical 7 year old mind is spending more than it even was worth. Ipod, cell phone, you name it, he wanted to buy it.
The lesson that I learned? Don't rely on grandpas to teach the important lessons about money. They are just too fun for that!
In case you were wondering, I told Bailey that he could spend some of the money and the rest had to be put in his savings account. So he bought a skateboard with it and will be putting $40 in the bank! So maybe something good came out of this after all!
4 comments:
That's so funny! My Dad's always slipping the girls money every time he sees them. They run and put it in their banks. Sophie runs around all the time saying "Money, Money, Money!!!"
Good lesson that you taught him about spending a little and saving the rest.
Seriously that is SO like my Dad's luck---"let's teach you a learning lesson..." Whoops maybe not. I was laughing out loud. Torie would have hoarded it---lately she watches every penny, it's funny. Oh well live and learn...maybe not who you'd hoped to teach, but my Dad will be smarter next time.
way to at least turn it into a money management lesson! those grandparents - we love them but they can be the bane of a parent's existence!
Haha! That was cute and funny. Hopefully he does take away something from this little experience even if it was not the lesson originally intended.
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