WHEN I WAS A KID growing up in the 1940s and ’50s, I didn’t get an allowance. In my family, we had to earn our spending money—and earn we did. My childhood included working at all kinds of jobs, some of which kids today wouldn’t even recognize. Shoveling coal and hauling ashes? Please.
My recollection of my childhood jobs goes like this:
With all this cash coming in, how did I spend it? I’d like to say I opened a brokerage account and started on the road to retirement, but would you believe me? Here’s the truth: I splurged on needless wonderful things.
As best as I can recall, my earnings were spent on: slices of pizza for 15 cents. Ice cream cones for a dime. Hundreds of little green plastic soldiers. Yo-yos, caps and balsa-wood airplanes that lasted three flights. Pea shooters. Lots of plastic models of cars, planes and ships. The occasional movie and, of course, tropical fish equipment.
Today, some of that stuff costs a small fortune on eBay. Plastic models start at around $50 and go into the hundreds of dollars.
I did save some money, though, for our rare vacations and for family presents. My prized possession for many years was a Mr. Peanut pastel blue plastic bank bought on the Atlantic City boardwalk. It cost me a buck and a quarter, as I recall, and today goes for $15 and up on eBay.
I felt satisfaction spending the money that I’d earned through work. On the other hand, I may have been scarred for life. If I’m not earning something for my efforts, I feel lazy, even a mini-failure.
I could turn off the ads on my blog, for example. Instead, I take satisfaction in earning a few dollars each month. June 2022 was a near-record. I earned $11.70. The month before it was $7.68 and, in April, a mere $4.36.
Sometimes, I wish I’d gotten an allowance.
Richard Quinn blogs at QuinnsCommentary.net. Before retiring in 2010, Dick was a compensation and benefits executive. Follow him on Twitter @QuinnsComments and check out his earlier articles.
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