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My Son Has Learned the “B” Word

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My son’s mind is soaking up so much information that the “why” questions run one after the other. Some, of course, I can’t answer. But, we’ve set aside some time right before bed where he can unload all of his questions on me and I’d do my best to satisfy his curious mind.

The other night we talked about bats. I asked him what he would like to talk about next and he couldn’t think of anything. So I snuck in there, “Why don’t we talk about another word that starts with the letter “B”?” His eyes widened. “We’ll talk about banks.”

“Yeah, yeah, yeah,” he said.

Good. He was excited. I asked him what he knew about banks. He said that you get money and suckers from them (our bank gives suckers to the kiddies).

I was a little nervous, because this was the first time I’ve really discussed this concept with my son. I approached it gradually. “You can also take money to the bank and they hold it for you. They put it in a big safe.”

Oh, he loved the idea of a safe. He said, “Me lock up my money at the bank so no bad guys can get it.”

I continued on. “And when you put your money in the bank, you can make money by doing that.” (it is so very hard to try to put everything in words that a four-year old would understand).

“You make money?” he asked.

“Yes, you make money. It’s called interest.”

He repeated what I had said, like he was explaining to me what banks were and he seemed to understand.

The next day, I prompted him to tell Daddy what he learned about banks. He said, “Me put my money in bank and they lock it in a safe so no bad guys get it.”

“Anything else?” I asked.

“Mmmm…no” he replied.

He did forget the whole part about interest and making money by saving money. But that’s okay. The door has been opened and we have many more bedtimes to discuss 🙂

Yup, The Variable Rates Get Ya…

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I called my credit card because they raised my rate only a month after getting it lowered. The customer service representative stated that it was due to the prime rate raising. Ok, I understand that.

He took no time at all to try to lure me into a balance transfer offer (because the balance is zero right now on that card). The offer was 4.9% for the life of the balance. Not a bad offer. He tried to hurry me with making a decision because he wasn’t sure how long the offer would last. He even said they would send me a check in the mail and I’d have 90 days to use it for this balance transfer offer. If I decide not to do it I could just rip it up and toss it. And, the best part of all is that they would send me a check for a “little” more than I tell them to make it out for (a little sarcasm there).

Anytime someone hurries me to make a decision, that’s a red flag to just step away and say no. I like to think about things and this customer service rep tried his hardest to get me to say I wanted the check. I finally told him that would think about it and I’ll call back if I’m interested in it and he backed down. If I decide I want it and it expires by the time I call again – so be it. It probaby wasn’t meant to be.

BUT – I bet that check will come in the mail regardless – LOL.