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Money Moments are short and actionable ideas for simple money training. They’re fun and fit into everyday things you are already doing with your kids.
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Is It Worth It?
March 04, 2010
Picture this: You are standing in the cereal aisle in your local grocery store, faced with the usual 100+ choices. Your kids swirl around you, excitedly telling you they want this one or that one. Do you get the Kellogg’s cornflakes or the generic? The General Mills Honey Nut Cheerios or the generic O’s version? How do you decide? Not to mention, how do you ever get out of the store in one piece with so many choices in one food category, let alone the entire store? And how do you begin to teach your kids all that goes into your decision: price, taste, size, packaging, environmental considerations, moral scruples about corporate practices, which coupons you have, and so on? How can we help our kids understand that generics might prove to be a better alternative than the name brands seen in all the insistent TV commercials? Why not put some products to the test? Give your kids a chance to decide whether big-name brands are really worth it. When To Do After school or on the weekend What To Do A fun thing you can do with your kids is to have them compare generics and non-generics on a number of categories.
Bonus: Do a blind taste test and see whether your kids can tell which is the generic and which is the name brand. What You Will Need Food items for comparison; store receipts Talk About It After completing a round of comparison, ask your kids what they thought of the exercise. Did they learn anything new? If so, what? Would they like to compare other products? What would they like to compare? |
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