I received compensation for this guest post, however my opinions are 100% my own.
One of the things that’s great about kids is their enthusiasm. If you’re shopping, they are very enthusiastic about spending your money on things they like or want. This can be a great teaching tool for money management, or it can be a stressful point of contention every time you go to the store. Kids who have received money as a gift or an allowance are more likely to learn and understand the value of money. Children learning the basics of how to save money can put their enthusiasm to work when you take them shopping at the discount store. It’s amazing how much more conservative kids are when it’s their money to spend instead of yours.
Doing the Math
Seeing two packages and understanding that bigger sizes can cost more is an easy concept to understand most of the time, especially when comparing similar items. Older kids can figure out that if they double the price and double the size, bigger packages are a better value for their money. Letting them decide whether they want to spend more to save more can bring about some curious results.
Putting a value on very different things that cost the same amount of money is a little harder to understand. Pointing out some items that are very different but cost the same can help them to learn more about value. Kids’ toys versus dog accessories and toys, for example, can make for an interesting conversation with a first-grader.
Another shopping tool children can learn is how far their money can go, depending on what they buy. Some items can be used once, but others can be used over and over again. Comparing use and value by guessing how many times something can be used is a fun learning experience while shopping at the store.
If you’re a parent who watches spending carefully, your children can learn from the best. When they get older, they will hopefully be spending their own money instead of yours, and that’s when it will get even more intriguing.
Nikki is an independent writer for Deals.DollarTree.com. Deals offers low prices on everyday essentials, party supplies, pet products and more.