Donuts and Dollars!?

The.Daily.Spoon

Donuts and Dollars

In the summer of 1996 a glazed Krispy Kreme donut changed my life. My sister and I had two boxes of donuts set up on our Fisher Price yellow-and-blue picnic table right at the edge of our driveway. Our mother’s garage sale lured folks in while my sister’s big blue eyes and my charming sales pitch secured the purchase of our Krispy Kreme donuts. We charged a horrifically marked-up price of fifty-cents apiece.


How it works

In reality it probably only took an hour for us to sell all our donuts, but at the time it felt like eons. Handing over those donuts to die-hard garage sale enthusiasts was grueling work in the heat of a North Carolina summer morning. Looking in my teal fanny pack I counted out $12 and proudly told my father I’d made a lot of money that day. He asked to see the earnings. After being subjected to seven years of “candy tax” at Halloween I clutched the pouch to my chest, refusing to show him.  Feeling the weight of all those quarters I imagined what this money could buy at Toys-R-Us.

My dad scooped up the fanny pack and carefully counted out the money on our picnic table and proceeded to give me my first lesson in economics. “You have twelve dollars here,” he said “Yes,” I said. “I am going to Toys-R-Us.” “Well, it cost me three dollars to buy the donuts you sold,” he said while he picked up three dollars worth of quarters “Then, you had your sister help you sell them so you need to pay her.” he rationalized while handing my four-year-old sister $2.00. “So, after expenses, your total profit was seven dollars.”

He smiled while pushing the remaining piles of quarters towards me. At that moment I had never felt so cheated in my life. Now, looking back, I see the beautiful gift my father bestowed upon me. I understand and respect money. The parable from my childhood always elicits interesting responses. Many of my peers seem to view my father as a heartless Scrooge snatching away petty cash, while others nod their heads in approval.

The parable of donuts!

StudySoup Scholarships- Month of June Edition:

$2,500 Easy Scholarship: Submit a Petition or Share your Story
Deadline: June 30th

$5,000 Easy Scholarship: Keep Friends and Family Safe on the Road!
Deadline: June 30th

$2,000 Easy Scholarship: Donate a Gently-Used Prom Outfit
Deadline: June 30th

$2,500 Easy Scholarship: Collect 1 Item for a Food Pantry
Deadline: June 30th

Forget Loans!

Love our newsletter? Add elaine@thedailyspoon.co to your trusted senders list so you never miss out on cool info.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *