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Christmas Shopping Can Teach Critical Thinking Skills!
December 15, 2007
Good shoppers are good thinkers. They research and analyze to make wise purchases. The next time your child asks for a gadget or needs to buy a Christmas present for a friend, try having your child investigate before decision or purchase time. No matter your financial situation, the investigation turns an impulse into an opportunity for increased reasoning skills. It can also boost the perceived value of the purchase.
Situation: But Mom! I really NEEED THAT mp3 player NOW!
Response: You can say no, you’re the parent. Don’t feel guilty if you can’t afford it. If you are open to buying it or allowing your child to buy it in time, challenge your child to:
1. Give three solid reasons this device is valuable for long-term use.
2. Search online for at least three different mp3 products to compare:
a. How it works and what it does
b. How much it costs
c. How is it protected/repaired (Warranties)
d. What else is needed to make it work (Computer to download music, chargers, etc.)
e. Any future or ongoing costs (Pay to download songs, accessories, etc.)
3. Go to a local retailer to try out products viewed online and ask questions.
4. Compare cost to features and services to evaluate best value and recommend 2 options to you. Depending on your child’s age, you may need to guide here. Share how you made a purchase decision based on value, not just desire, as well.
5. Suggest means of acquisition that does not involve credit: request for birthday or holiday present, saving up allowance, cost share (saved allowance + holiday money from grandma + plus parent funds) or whatever financial patterns you have established in your family.
Situation: But Dad! I have to have a REEALLy cool present for my friend’s Christmas party!
Response: Rather than being pressured to buy a certain gift, set a spending maximum and let your child do some comparison-shopping. Challenge them to:
1. Make a list of what their friend really likes for ideas.
2. Search online for several items that are under the price limit, paying attention to shipping costs.
3. Go to a local retailer to compare prices on items viewed online.
4. OR swap steps 2 and 3: Visit a local retailer to find some good options, then shop online to see if the same or similar item is available at a better price including shipping.
5.Decide on the best present together based on value and interests of the friend.
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