5 Financial Lessons You Can Teach Your Kids During Halloween
1. Comparison Shopping
Whether you are searching through store after store for the PERFECT Halloween costume for your kids or trolling through the stores online, you can teach your kids the benefits of comparing prices when shopping. Teach them how to use apps such as:
- ShopSavy
- RedLaser
...to better compare prices. Give them the chance to see you comparing prices of these perfect costumes. This can help them to know whether or not they are getting a good deal.
2. Never Paying Retail
No matter how bad you want something, there's a pretty good chance you can find it on sale, online or offline at a competitor's store. Teach your kids that they don't always have to pay the sticker price for items. They need to keep their eyes peeled for the latest deals, coupons and special offers using apps. Many stores may run weekly specials and last-minute markdown deals leading up to Halloween. Try apps like Target's Cartwheel app, it allows you to capture mobile barcodes while you shop. Cartwheel enables you to select from hundreds of discounts ranging from 5% to 50% off.
3. Buying in Bulk
Show your kids the value of buying in bulk. Teach them how they are saving money by buying all of the Halloween candy in large amounts, instead of smaller amounts. Try warehouse clubs such as:
- Sam's Club
- Costco
...to round up your Halloween candy this year. Warehouse clubs can also be a great place to buy your Halloween decorations such as wreaths, miniature haunted houses, and even character costumes.
4. Fair Trades
The night of Halloween is the perfect opportunity to teach your kids the art of proper trading. A child's desire to have the best candy can enable you to teach them they need to trade more than one piece of less popular candy for a premium brand. This is a great lesson for those kids who have siblings.
5. DIY Projects
Teach your kids how fun it can be to make their own Halloween costumes. Their costumes can not only be unique but also budget friendly.
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4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
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