Father Teaches Six-Year-Old Son Lesson in Money Management with a Letter from the Bank of DAD
As I was growing up my father made just enough money to keep our family of 7 with a roof over our heads and food on the table, so when I turned of age to work I had no training on how to deal with the money I made. Having the gift of gab I made good money in sales but never seemed to have much to show for it by months end. Although I wouldn’t change the awesome parents I had, I sure could have used a lesson or two from Imgur user Sonan303.
His son asked this Missouri father for a $20 loan against his allowance to buy a toy. After consideration the father replied with a shrewd but fair rejection to his son’s request. The son received this reply letter from ‘Dad’ Savings and Loan.
We regret to inform you at this time that we are unable to provide a loan in the amount requested of $20.00. After reviewing your account, we have find you have insufficient funds, and a history of not doing your chores.
Furthermore, over $80.00 has been spent on discretionary expenses since Christmas. This is an unsustainable amount of expenditure, and we cannot further compound the problem by financially assisting with occurring further debt at this point.
If you would like to refute this decision, you can contact our complaint department at (Mom’s number). Our dispute manager at this number may be able to persuade us to reverse our decision.
CEO, DA S&L
St. Louis, MO 63126
We all want to give our kids more than what we got as kids, and because of this we sometimes cause more damage than good. The lesson this father gave his son was 1000’s of times more valuable than any toy that child could have ever purchased with that $20.00 loan. Well done dad!