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by jtbigwoo 4531 days ago
>> They then have to decide, do they want the $80 jeans or the $20 jeans? If they buy the $20 jeans then they can make more trips to the skatepark.

What seems important is the willingness to let your kids make mistakes. When I was a kid, my parents had a set budget for each of us for clothes. My sister was super interested in clothes from an early age so they just gave up and handed her the money. She'd shop sales and make extra money to get everything she wanted. On the other hand, my parents basically dictated the clothing I would buy. (Every fall I got three pairs of Levi's jeans, four new shirts, two pairs of dress pants, two dress shirts, one pair of shoes.)

I never got the chance to buy one pair of $100 jeans instead of three pairs of $35 jeans and then have to figure out how to get through the week with one pair of jeans that fit. I learned to handle money in other ways, but I think my parents missed an teachable moment.