School Stories #2: My son the loanshark

Last week, I got a call from #5’s teacher. Again. This time, it was not for fighting nor for disturbing his classmates. He was being an ah long in school. Apparently, he had lent his classmate 20 cents. The boy returned him $2 the next day and #5 told him, “You give me $2, I’m not giving you change”, and he promptly pocketed the money. The boy related the incident to his mum who called up their form teacher. His teacher told him to return the $1.80 the next day, and that even loansharks don’t charge such exorbitant interest.

The hubs and I talked to him about it but as usual, he clammed up and refused to tell us why he did it. The only thing I could think of to explain his actions was a discussion I had with the girls about CCAs in secondary school. The younger ones were asking what “Entrepreneur club” was all about and I explained something about entrepreneurship being “You buy some items from someone who makes them and you sell it at a higher price to others”. His eyes opened wide and he said firmly, “I’m going to be a businessman like my ah gong”. Perhaps he thought he could ‘charge’ his friend a higher price. I’m going to give him the benefit of the doubt this time. Hopefully, he really wasn’t intentionally trying to cheat his friend.
We explained to him that we don’t make money from friends and that he was to give or receive the exact amount if he borrowed or lent money from his friends. I decided that this simple explanation would suffice for now so that there was no room for misinterpretation. And as a punishment, the hubs made him return his friend the full $2 so that he would feel the pinch. Ah well, I would never really know what he was thinking. All I know is that with this boy, I have to be constantly on my toes.

PSLE results: Good or bad, what do you say?
6 tips to choose a secondary school that is right for your child
My teen in a neighbourhood school
PSC Scholarship? Wow
What the PSLE is really aboutWho is behind MOE

PSLE results: A test of the parents more than the child

ECHA – The mother of all awards

School Stories:

#1 – When your son gets into fights in school
#2 – My son the loan shark
#3 – So kids can’t play once they start school?

#11 – How #2 topped her level in English
#12 – DSA. Yet another initiative parents have warped
#13 – Tuition – First line of attack?
#14 – Why do exams have to be so stressful?
#15 – First day mix up!
#16 – The day I forgot to pick my son from school
#17 – No more T-score. Now what?
#18 – Tackling the new school year
#19 – She did it, without tuition.
#20 – So who’s smarter?
#21 – Why I do not coach my kids anymore.

~ – a blog on parenting 6 kids in Singapore ~