Sunday, August 7, 2011

Long term debtor

I tried to inculcate the value of money in the kids. N wanted just another bag. I declined her request initially but seeing that she was so persistent, I made a deal with her. I would lend her the money and she had to repay me for the bag. Well, the deal was sealed.

2 months had passed by, still, she had no savings for repayment. She spent all her allowances.

Somehow, one fine day, a mathematical question popped up while we were heading home after our grocery shopping trip.

Me" Nicole, if 2 bottles of milk cost $11, how much does 1 bottle cost? You have to give me the answer before we reach home and I will waive a portion of what you owe me" (we were about 2 minutes away from home)

She was challenged and determined. Within 1 minute or so, she popped the answer - $5.50! and so she had her debt reduced by $5.50:)

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