delayed gratification
. Often it took my family several weeks or longer to buy the products necessary to get the number of wrappers or other proof of purchases required. Back then, it also took six to eight weeks for processing and shipping. Saving and delayed gratification are both backbone principals to a life of good financial habits and management. If I save a portion of each paycheck, and I wait to buy things until I have enough saved, I either realize I don't need the product, or I avoid financing it and save the interest fees. These were valuable lessons, indeed.
After eating all of our vegetables, saving labels, and waiting weeks for our prize, the big day came. The large plastic kite with the friendly green beast arrived. My dad put it together for us, and my brothers, my dad, and I went out into the field to fly it. Within a few minutes after running and letting out the string, it was off the ground and soaring high.
I hope Dum-Dums and other companies will create more, not less, of these types of promotions, so another generation of kids can eat their vegetables or lollipops and learn the basics of financial planning.SmartAsset's free tool matches you with a financial planner in your area in 5 minutes.Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money.
I agree, the promotions did have value in this way. But modern Programs expect the kids to actually pay the cost of whatever the item is. They are no longer good-will giveaways. So after you eat 20 boxes of cereal to get a bumper sticker; You NEVER want that cereal again. NEVER.
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