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Five Tips to Teach Kids Financial Responsibility While Back-To-School Shopping by Parenting Expert Deborah Gilboa, M.D., AKA "Doctor G"
Date:8/6/2014

Pittsburgh, Pa. (PRWEB) August 06, 2014

Why not turn your family's back-to-school shopping experience into valuable life lessons to educate your kids about money. According to Deborah Gilboa, M.D., aka "Doctor G," a leading parenting expert, family physician, author and media expert, these five tips will empower parents to raise money-savvy kids.

1. Sort through their belongings together - Before you begin shopping, take inventory of what you already have at home. Whether it is school supplies, clothes or sports equipment, you and your child should sit down and decide if some old items can be reused for the new school year.    

2. Make a shopping list - We tend to shop more responsibly when a list is guiding our purchases. Together with your child, write down what clothing and supplies they will need. A list helps cut down impulse buying.

3. Build a budget - Discuss with your child how much money they will have to spend for back-to-school. Remember to include any of their own money or gift cards. This will encourage them to look at price tags and understand how to make informed decisions about their purchases.

4. Clip coupons - Even kindergarteners can cut out coupons, and retailers have tons of them available for back-to-school items. Tweens and Teens can challenge each other to see who can save the family most money. They can check online for sales and use discount websites.

5. Share the pain - If there is a big ticket item that your student “must have” and you believe it is a reasonable purchase, offer to share the cost. Kids who spend their own money tend to take better care of their belongings and may even reconsider the purchase.

Doctor G releases her latest book, "Get the Behavior You Want… Without Being the Parent You Hate! -- Dr. G’s Guide to Effective Parenting," through Demos Health Publishing, LLC on Septemb
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