Some days the kids would put up a sign that said all the proceeds from the day would be going to a specific cause, like to a cat shelter or to the Red Cross. He actually had a few takers, but the next day he decided to charge half price and ended up earning much more. My financially savvy 10-year-old son started the first day by charging one dollar for each medium-size glass of lemonade. The lemonade stand was a simple venture at first glance, but when I looked a little deeper, I saw it for all the lessons it taught my kids and their friends.Įconomics and altruism. One of the kids held up a sign with prices and yelled, “Lemonade!” to attract business. The kids made signs to put on their table and on sticks stuck in the ground. Then we ran to the store for cups, ice and powdered lemonade mix. To start, I told the kids to hunt down a small table, bigger folding table or stable cardboard box. I soon reluctantly agreed, and we were on our way to many days of fun and (don’t tell my kids this part) learning. So when my kids first suggested doing a lemonade stand in our front yard, I blamed TV and movies for putting the idea in their heads. When your kids ask if they can have a lemonade stand, do you sigh in anticipation of all the work required? Me, too.
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