OMG, how we used to look forward to that weekly goldmine!😄
Unlike what the above photo shows, when I was a kid we got coins, not paper money. 😄 But that’s okay! It was more than enough, in the 1950s, to buy whatever goodies we set our eyes (and stomachs) on!
I’ve written before about how cheap candy was back then, here – 79 cents is the new 5 cents! – and here – 60 years: Then and Now. It’s fun to reminisce about the low, low prices, and how much bang we could get for our buck (or 35 cents)!
A reminder: in the Woolworth’s “five-and-dime” store on Queen Mary Road in 1957, I’d buy a piece of my favourite chocolate-fudge layer cake for 15¢ and a small coke (6¢), and still have half my allowance left over. Maybe it was even enough to buy my first lipstick by Cutex in a coral shade.
But my point is this: the money I had, all to myself, made me feel more independent, grown up, empowered. Even though the amount was small, it was still something I could count on and it also helped me learn to budget. Spending the 50¢ all in one day meant that my treats for the rest of the week would be sparse or non-existent. It’s one thing for a child to be told this, but it’s a better thing if they learn it from experience.
How about you? Did you get an allowance? Did you feel it was enough? And how about now, if you have kids, do you give them an allowance? Is it an outright “gift,” or is it conditional upon chores?
Mine was a “gift,” I guess. Though I never thought of it that way… I guess I just felt entitled to it. Yikes, that’s not so good, is it?
What do you think? Please feel free to comment below!