Are you are considering allowing your children to help you shop for clothes and other school items? There are things you need to teach them when it comes to spending responsibly. Kids will always be super excited when it comes to shopping. Why? Because they will notice things they desire and most of the time they do not realize that it might be too expensive. Well, below are tips to share some ideas/tips to share with your children so that they can learn and get the most out of their allocated money for their back to school shopping.
- Draw The Line: Give them a limit and let them know what it is.
In the event that your kids are young and they do not understand or appreciate the monetary value of things, then this is a perfect moment for you to teach them! Start by letting them know the amount they can spend based on things that they know and are familiar with, such things can be prices of candy. You should make sure however that they have enough money to spend on the items that they need and also with an extra for fancier items like a pencil with decorations rather than plain yellow pencils.
2.Teach Them the Value of Responsibility
This is very important, make your kids state what they need for school, this is to teach them to be responsible. This will also make it easier for them to decide on items they like and the amount of money that will be needed to purchase those extras that they like but might not be necessary like designer cloths, new backpacks, or fancier upgrades they need for school.
- Give Them The Choice Of Shopping Locations
Let them choose where they would like to shop, but remember to give them a few option that are within your budget of course. What this does is let them feel like they have options from which to choose. When they have made up their minds about where they want to shop, you need to show them ads, this will let them have an idea of what they are likely to spend more on and what item they might get cheaper.
- Teach Them About Needs and Wants
This is so important, perhaps the most important! Even some adults do not appreciate the difference between needs and wants. Lay a good foundation for them by showing them how to separate their needs from wants and its advantages. For example: they might think that what they need is a brand new backpack, if the one they had is still decent and the zipper still works perfectly then they might not need a new backpack. This will also help them to get all necessary items on the list like pens, notebook and pencils.