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How can I teach my child to avoid impulsive buying?

Michele Borba
Psychology
To help avoid impulsive buying, involve the kids. Discuss the difference between "needs vs. wants" and let them know that this year there will be a budget and they will need to stick to it. Find out what is on the top of their "want" and "need" list. Such discussions help reduce those impulsive "just gotta to have it" shopping habits. Even kids as young as 6 -- even 5! -- can benefit from those money discussions.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.