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Those of you with children know what an excursion to the local mall or supermarket can be like. If you're not careful, this simple trip can easily become a wallet draining experience.
How often have you heard:
- "I want Luchables because EVERYONE eats them at lunch!"
- "Come on mom, these cool pants only cost $80."
- "Dad, everyone has a Playstation II, I need one too!"
- "I need 2 sodas and 2 bags of chips everyday!"
Certainly, we as parents want to make our children happy and not deprive them
of a delightful childhood, but who's to say that you must give in to every one of
your child's requests.
Why must you work twenty overtime hours just so your son can have a new video
gaming system? Why must your grocery bill be over $200 just so your children can
have the latest cereal, ice-cream, snacks, candies, and sodas available?
Truth About "Brand Names"
Brand names cost money. Quite a bit of money. Especially when you add them up
over time. The reasons these brands must charge more money is to cover their
enormous advertising and marketing costs.
Since children are constantly bombarded with advertisements on the television and
amongst their peers at school, they are most likely going to ask you for these same
products.
No one really enjoys telling their children they can't have something they want,
however looking at the bigger picture, what lesson are we teaching our kids if we
simply give in to their every request?
For one, they are not learning the value of money and the role it plays in our lives.
Secondly, they are not learning about the importance of conservation and how to
properly budget their money.
Learning to budget and save money at an early age will really come in handy
especially as they grow older, start driving, and get offered tempting pre-approved
credit cards through the mail. If they are not careful and able to budget their money
effectively, this new found freedom may drain all the money from their pockets.
Teaching The Importance of Conservation
Not only is this the perfect opportunity to get your children "Brand Free" and away
from the expensive, trendy stuff, but it's also the perfect opportunity to teach them
the value of money.
Here's one way you can approach this.
Explain to your children that the money you spend on clothes, food, toys, etc,
depletes the amount you are able to save for future needs.
Explain that starting today, only the NECESSITIES will be purchased. No more ice
cream, chips, soda, candy, lunchables, except maybe on special occasions. Toys
and games will need to be earned and will no longer be given away for free. Etc...
For example, you could state that you will only be purchasing Cheerios (or another
low priced, healthy cereal). If your children want to have Captain Crunch or Cookie
Crisp, they will have to buy them using their own money.
Same principal for their lunches. Peanut butter and jelly sandwiches, tuna fish,
apples, oranges, carrots, and raisons. If they want Lunchables or some other type
of non-nutritious fast food, they will have to buy it with their own money.
Soon, you will have your child(ren) deciding "Is a Quarter Pounder Meal worth $4.50
out of my savings?" or "Do I really need that new video game that cost $50?".
This "brand free" approach can be applied to all other shopping areas aside from the
supermarket example.
When you are shopping for clothes, ONLY buy the necessities. Ignore the most
expensive and most popular items. Only buy what you, or the children, absolutely
need, ignore all the rest.
Regarding toys and games, you can make it so that your children ONLY get "free"
toys on Christmas and their birthdays. If they want something additional, they must
purchase the item with their own money.
Taking These Ideas One Step Further
Once you have inspired your children to participate in this money saving, "brand free"
lifestyle, it's time to MOTIVATE them to help increase their success.
As with everything in life, having a goal to strive for greatly increases the probability
of success.
Goals help us stay focused on the task at hand. Goals help the individual strive for
something tangible that's meaningful or important to them.
A runner's goal may be to shave 10 seconds off their lap time. This runner will then
practice, workout, and time themselves, striving to run a lap 10 seconds faster than
before.
In our "brand free" exercise, you may want to come up with a goal that you and your
children can strive towards. For example, you could establish a short term goal that
states, if your children can eat healthy and not ask for any "brand name stuff" for two
months, you will take them to any movie they want to see.
Here are some more ideas for the various goal ranges:
Short Term: 1-3 months
picnic, trip to beach, movie of their choice
Medium Range: 3-8 months
new game, doll house, Chuck-E-Cheese trip
Long Term: 8-12 months
Disneyland trip, Water Theme park, day at the carnival
Sticking To Your Plan
Regardless what your decide to implement, remember that this is your plan. You are
the parent, so you decide what's best for your children. Don't take any negative
remarks or any bad mouthing from your kids in regards to this new lifestyle. Stick
with it!
Just keep in mind that these exercises and lessons will benefit your children in the
long run regardless of what they may think of it at the moment.
Best wishes teaching your children to be "brand free" and money conscious. If you would like additional money-saving articles for more ideas on where to start saving, check out our SavingSecrets.com website.
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