Among many, still undiscovered “faces” of Janusz Korczak, there is one concerning economic education and skills of economical expending money. Did this great teacher educate his pupils on managing money? Was he able to properly manage his? Did he own anything at all? What was the economic situation of the orphanage run by Korczak for more than twenty years? These are only a few questions that the article attempts to answer. In the first chapter, the Old Doctor's personal experiences of money have been reconstructed – starting from his early childhood and leading to quite an intriguing question: “What Korczak actually got at in his life?”. In the second chapter, the pecuniary situation of the orphanage and its residents is described. In the third chapter, an attempt to restore Janusz Korczak's idea of economic education has been made. In the final chapter, Korczak's attitude when being held in extreme conditions of Jewish ghetto has been studied.
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