Holidays are peak spending season and the perfect chance to share valuable budgeting lessons with your kids in a fun way. Try these three simple strategies to get started without dampening the festive spirit.

Talk about why you are NOT buying something

When you’re out shopping, it’s smart to share why you choose not to make certain purchases with your kids. Take it easy – like if you skip buying a new pair of shoes because you’ve already splurged on a holiday outfit. It’s a simple way to teach savvy spending habits.

Help your child shop for small gifts

Whether your child is spending their own money or a small allowance, you can teach them valuable lessons by helping them shop for siblings or friends. Guide them in setting a budget, selecting gifts within that budget, and deciding how to handle any leftover money together.

Compare prices at different stores

Teach your child the value of finding the best deals by showing them how prices vary for the same item. Whether shopping online or in-store, compare prices to find the most affordable option. This hands-on lesson will instill a thrifty mindset in your child from an early age.