The Nerd Stash
Virginia Mom Learns Hard Lesson When Daughter Overspends With Her Credit Card a…
After giving her credit card to her child, a Virginia mother is asking for guidance on how she should deal with her daughter.
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School Book Fair Spree: Mom's $121 Credit Card Dilemma Sparks Parenting Debate
A mother's generous gesture at a school book fair has sparked a parenting dilemma after her 10-year-old daughter spent a surprising $121 on a credit card. The mother, who wishes to remain anonymous, recounted the incident in a recent social media post, stating, "Today my 10-year-old had her little scholastic book fair at school, and I didn't have time to get cash out to send her with, so I was like, 'Look, here's my credit card.'" The mother explained that she had explicitly told her daughter not to "go crazy," trusting her to be responsible with money, noting, "She knows the value of money. She gets an allowance, she knows how to save, she knows how to budget." However, the daughter's shopping spree far exceeded expectations, leading to a $121 charge. Reflecting on the situation, the mother admitted, "I know that's mostly my fault because I didn't give her a limit." Despite her initial shock, she stated, "I'm not going to punish her because I feel like this is my bad." She is now seeking advice from her online community on how to turn this into a valuable learning experience rather than a punishment, emphasizing the need for a "tool to learn a lesson." The story highlights the challenges parents face in teaching financial responsibility in an increasingly cashless society.
