More or Less

1. Sit down with your child and focus on a recent or anticipated family purchase.  The item should represent a moderate to large part of the family budget.  Good examples to use include: a new television, an appliance, a piece of furniture, an automobile, or a family vacation.
    
2. Write the most likely (or the actual) purchase item in the center of a lined piece of paper.  For example, list a new, moderately priced sedan on the line in the center of the page.
    
3. Write the word "LESS" on the line beneath the purchase item.  Ask your children and other family members to brainstorm items similar to the one desired that would cost less.  For example, a used car, repairing an old car, public transportation, riding a bike, or walking are all ways to have transportation that would cost less.
    
4. Write the word "MORE" on the line above the purchase item.  Now brainstorm possible substitutes for the designated item that would cost more.  For example, a luxury sedan, a mini-van, and a luxury sport utility vehicle are all means of transportation that would cost more.
    
5. Take the show on the road by visiting a car dealership or an appliance or furniture store or visit car dealers, furniture stores, and appliance stores on-line.  Find similar items that cost more or less.
    
6. Point out that when families make spending decisions, they MUST consider their income.  The amount of income we earn gives us choices; however, it also sets limits.  Families must consider the options available within the limits.