Kids distinguish between the things they must have to survive—and those they would like to have but don’t really need that can take them off track from meeting their goals. 
 

To get the most value for their money, kids are encouraged to think through spending decisions carefully and resist buying on impulse, an important life skill. Understanding concepts, such as comparison shopping and loans and credit, are also covered.  

Understanding the purpose of buying something—and when they will need it— helps kids make smarter spending decisions. It’s also important to recognize that some purchases, like insurance, are necessary even though they’re not exciting.