Saw a lemonade stand charging INTEREST on IOUs, kids are ruthless!

These elementary schoolers had a sign saying 'Pay later, but with 10% extra each day.' I was stunned by their bold money move. It's like a pint-sized banking crisis on my street!

3 comments

3 Comments

hayden_lane1mo ago

Pay upfront to skip the fee. I learned that the hard way.

fiona9851mo ago

Wait, so if you don't pay upfront, they slap on a fee? That's crazy. I always thought paying later was just a normal choice, not something that costs extra. It feels like a sneaky way to get more money out of people. I'm shocked that this is even allowed. What kind of fee are we talking about here? Learning that the hard way must have been a real slap in the face.

rowan6581mo ago

Those kids have better financial sense than I did at their age. I once paid the minimum on a credit card for two years like a total chump. Guess I could've used a lemonade stand economics class.