Money is essential to our lives. Earning and saving money are important parts of financial awareness. It is equally important that children learn to be smart shoppers. They can appreciate the value of money and save it also only when they become savvy shoppers. Being responsible is an important step in their growing up. They need to be responsible for spending money wisely and this skill helps them life-long in their pursuit of financial security.
Children learn many things by aping their parents. So when you make smart choices while buying groceries, furniture or even toys for them then they can imbibe the skill without even realizing. For example, a teepee tent is a smart choice for a small child. He can enjoy some fun times in the tent with his friends. So if you buy a tent instead of an online video game, he learns the value of outside activities and being with friends.
Similarly, he can learn about budgeting and making a priority list before spending money on anything. This will also help to save money, for future education for example. Habits like this stay for the rest of their lives and will them have a secure financial life later. The marketing gimmicks and advertisements kind of influence the choices made by anyone. Children feel the pressure from their peers to buy many things that they just want to own for the heck of it. This is one aspect that they need to learn- to differentiate between things that they need and they just want. This is one critical learning that helps people become a smarter shopper.
Shopping is unavoidable. You need to buy things, whether you like it or not. The earlier the lesson starts the better it would be for the children. As parents, you need to inculcate the qualities of a wise and astute shopper in your child. This is one of the most valuable skill and every person needs to learn this. Your child will thank you later in his life when he is able to have a debt-free life if he knows the value of budgeting and spending wisely on better things.