Children learn the value of a dollar on Lemonade Day
Two boys in Frenship, both missing some front teeth and both proclaiming their age as “six-and-a-half,” were selling Saturday morning with a little help from their families.
Mateo Sandoval had a lemonade stand in front of United Supermarket on the corner of 82nd Street and Frankford Avenue.
The first-grader from Willow Bend Elementary School said he was in his second year of sales during the Lubbock Lemonade Day.
Last year, he said, he raised $100.
“I put it in my piggy bank, so I can save it. So I can buy one of those expensive toys,” Mateo said. His mother, Cynthia Sandoval, said he invested in a go-cart with some of his money from last year.
This year, he doesn’t have a specific goal, but his mother said he will save some and donate some to the Children’s Miracle Network.
Mateo said he had to prepare for the event, pointing to his strawberry lemonade and saying, “We squeezed this yesterday.”
Cynthia Sandoval said she believes participating in Lemonade Day will help her son understand the value of a dollar.
“It’s a good way to start learning, other than getting allowance for cleaning your room,” she said.
Last year, she said, he had to borrow money from his grandparents to cover his start-up costs — lemons and other supplies.
“He learned that it does take a little bit of money to make money, and you do have to pay back what you borrow,” she said.
Although he had fewer start-up costs this year he still had to rent his spot in front of United for $2.
“But usually they come out and buy some lemonade,” Cynthia Sandoval said.Down 82nd Street at Reagor Dykes, Ryder Toman and his family were just setting up his lemonade stand late Saturday morning.
The kindergarten student said he did not help build his lemonade stand, but he did help decorate it.
Ryder said he intends to give some of his profits to Ronald McDonald House and his church.
When asked how much he made last year, he held up three fingers.
But his father, Scott Toman, quickly clarified that Ryder made $300 selling lemonade last year.
Some of that money may have gone to Legos, the father said, but some of it is in savings for a trip to Disneyland.
“I think he learned something about, you have to give some back,” Scott Toman said. “You have expenses.”
He said his eldest son, Travis, is now a freshman in college, and he sold lemonade as a small child as well. Scott said he has watched his son turn into an entrepreneur, making everything from candles to candle holders over the years.
Working lemonade stands helped his older son learn about money and business, preparing him for his current role as a college student and manager of a local restaurant.
On Saturday, he said he was enjoying being with his younger son during Lemonade Day.
“It’s fun to be out here, let them see what it’s like,” he said.
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