My kids want things just like other kids – they look around and want what they see. I think it only means they are normal. As a parent, you know what happens when your kids come home and say, “Mom/Dad, can you buy me …?”
It is not easy being a parent and making the decision of what to buy your kids, because kids are just young and they do not understand money and priorities, how full their wardrobe will be if we get them any shirt or pants they want or how full the house will be if we get them all the latest gadgets or toys. Kids make the decision to want or not to want things based on an urge. Sometimes the urge is internal and sometimes it is external.
Adults do exactly the same – we buy things just because we feel like it – but adults also consider the value of the object and that is not only the price but the ratio between how much we spend and how much we get out of our purchase. As a parent, I would like to teach my kids about that ratio too.
So let me tell you a story about the boy in the photo.
Read more about how to justify a purchase for your kids…