How to Teach Your Kids Budgeting Basics While Shopping for School Supplies
Written by Melissa Jackson
Back-to-school means back-to-school spending and expenses, but it also means back-to-learning. Back-to-school shopping is a great time to start the school year with a financial literacy lesson. Apply these budgeting tips and shopping tricks to back-to-school shopping and help teach the little one in your life how to budget, spend, and save. Here are some tips to get you started.
Tips for teaching your kids how to manage money wisely
Always start with a list – no matter what you’re shopping for.
Whether you’re shopping for school supplies, groceries, or new season clothes, whatever you’re shopping for, always start with a list. If you have an older child or teen, encourage them to make a list of the school supplies they think they’ll need. If your kids can’t do it on their own yet, sit down with them and make a list of supplies together. Doing this ahead of time is a great way to help avoid stress and unnecessary spending. It also encourages healthy financial habits — for you and your kids.
Lesson learned: No matter what you’re shopping for, a list is crucial. It helps you plan ahead for what you can afford, stick to your budget while shopping, and can help you avoid impulse or surprise purchases. When shopping with your kids, a list can help you avoid arguments; if an item isn’t on the list, it won’t go into your cart.
Tips to Avoid Spending Spends While Shopping for Back to School
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