Words from Dic(tionary)

Allowance: (n) a sum of money paid regularly to a person

I had to get out my educated pencil. (I am often glad that my writing tool sought higher education, since I didn’t.)

Having an educated instrument, I can take my meager abilities in mathematics and join with this smart pencil and come up with some fascinating figures.

Case in point: when I was eleven years old, my father reluctantly gave me twenty-five cents a week for allowance. Actually, he held a quarter out in front of me and always offered at least two or three regrets and four or five warnings about the value of money and how important it was to spend it wisely.

But you must realize, this was at a time when twenty-five cents would buy you five candy bars.

This was my allowance.

In comparison, when I lived in Hendersonville, Tennessee, with my children, I gave each one of them fifteen dollars a week. Making use of my magical pencil of intellect, I realize that this was very similar to the quarter I received when I was eleven. For now a decent candy bar at a convenience store can cost upwards to $1.50 to $2.00, and everything else is equally as inflated.

So which is better? To have a little bit of money with lots of possibilities, or have a lot of money with little possibility?

I also recall that by the time I reached my sixteenth birthday and wanted to go out on a date with a girl, my dad, who was now ailing from cancer, proudly handed me over a five-dollar bill for my first date. Similarly, when one of my young men in high school was going to be taking out a lady, it was necessary for me to give him three ten-dollar bills, which he still grumbled at, saying that he would have to really scrimp for dinner.

I know that the root word of “allowance” is “allow.” But even as a grown-up, I am learning that it is possible to simplify your finance even in the midst of raging increases. You don’t have to feel like you’re cheating yourself. Just “pass” on opportunities that don’t give you the payoff you desire.

For instance, when the alarming transition occurred and candy bars went from a nickel to a dime, I had to negotiate my purchases much more carefully, while waiting for the eventuality that my parents would catch on … and pop me up to fifty cents.