Dumb Ways to Spend Money on Your Kids
We love our kids. We love them above all. We spend our hard-earned money on them so they get equal opportunity like other kids do. But we don’t have spend our bling bling money over them, like there’s no tomorrow.
Some of us may disagree with me. “Yeah, why not. If we love them, we should give everything they want. If they want expensive toys, let them have it. We spend on our kids anyway, not on our next door kids.”
What if our spending habit takes its toll on our financial stability?
Spending on expensive, branded items is against my policy. I, as a dad of two kids, didn’t argue that we should give them all especially toys. But so far, I manage to divert from buying expensive toys from Toy R’ S.
Well, not all toys. Sometimes, I feel a sympathy over them when they make cute little frown lips and watery-eye-is-about-to-spill tears.
It’s a battle I should say. If I lose, I buy item expensive thing at branded outlets like Mickey or Toy R us. If I win, we travel 20 kilometers from our home to shopping second hand toys at Amcorp Mall.
As our kids grow older, they may get influenced by yummy advertising shown all over the internet, TV, or radio. They started to choose brand over quality. So they can show off to their group of friends. And we, parent — as always — go for the cheap ones.
But when two interests collide with each other. There will be one side that’s always lose. In order, to save our money from getting drained, and to teach them how to separate them from becoming brand/fashion victim, we must find solution.
Teach them how to choose. The notion of “going for alternative, cheaper brand” must always in their mind.
GoBankingRate suggested that:
How to say ‘no’: For young kids, a fun way to demonstrate that cheaper brands and name brands are often similar is a blind taste test. Ask kids to identify which is the brand name and which is the generic. Even if they’re correct in identifying the products, they’ll notice how similar they are.
There’s another way how to teach them: To be a role model to them. We should not buy our item base on fashion, but base on quality. I know it’s hard to let go of an LV handbag and buy Bonia handbag instead. But for our children sake. We should do that.
5 Dumb Ways to Spend Money on Your Kids [Bankrate via GoBankingRates]
photo by: Digital Sextant







