It’s a lesson that parents often try to teach young children – a simple way to learn about personal finances. Saving for something can be hard, but it also teaches a child to be independent and to understand the importance of restraint. However, when a Michigan grandma found out about her granddaughter’s spending plans, she felt the need to step in.
Like many children her age, five-year-old Sunshine Oelfke from Ishpeming, Michigan, was saving up for something. When she received her allowance, she would put some of it aside. And Sunshine had that classic money-saving device: a piggy bank, not to be opened before time.