|Objective||To teach kids to be smart consumers.|
Your child wants to make a significant purchase. Use your child's dream purchase an opportunity to show him/her how to be a smart consumer.
1. Discuss the item your child wants to purchase. Ask them what it is? how much it costs? and so on. Explain that this item is a Want and not a Need - explain the difference. Let them know that wants are not bad things it's just not necessary to their survival.
2. Have your kids research the item by answering the following:
3. Help your kids find the item online and look for reviews. What brands do people seem to like best? Are there people who are having trouble with the item?
4. Get your kids to talk to people who already own this type of product. Have you kids ask them whether they are happy with there purchase, If they would choose the item again, how much the item costs each month, whether they had any unexpected problems with the item and how much the unexpected expenses cost.
5. Talk about any positive or negative aspects to owning this item and discuss what your child's responsibilities will be. Responsibilities could include not losing the item, keeping it clean and well maintained and there make be safety precautions your child will need to take when using his/her purchase.
6. When your child has researched their purchase, talked to other people who own the item, discussed their responsibilities and raised the money they need take them out to make their purchase.
Mark this activity as complete when your child has researched their purchase, talked to others who own the item, discussed their responsibilities and are raising the money they need to make their purchase.
Track your progress and earn badges!
This activity is included in the following:
|Age Range||4 5 6 7 8 9|
|Tags||Logical-Mathematical Intelligence Expenses Budgeting Consumer Smarts Liabilities Wants vs Needs|