Give Your Kids MAGiC for the Holidays this Year
How does money work in the world? Lots of kids today see their parents using “magic” plastic cards to help them get everything from a morning coffee, to a tank of gas, cart of groceries or even tickets to a movie. At Gifting Sense, MAGiC is an acronym that has nothing to do with charming powers of illusion, but rather the peace of mind that comes from having “Money And Gift Competence”. Gift giving is such a big part of life in so many countries around the world that learning how to thoughtfully give and receive gifts can go a long way towards developing some terrific financial habits.
At Gifting Sense, MAGiC is an acronym that has nothing to do with charming powers of illusion, but rather the peace of mind that comes from having “Money And Gift Competence”.
Think about how much energy your family spends every year choosing, buying, wrapping, and sending gifts. The frequency of gift-giving alone makes it the perfect vehicle to deliver just-in-time lessons on the power of asking and answering simple questions about typical purchases before anyone spends a dime.
Traditional gift-giving practices generate a lot of waste. (92% of the students we’ve had in thinking before buying workshops say they’ve received a birthday or holiday gift they did NOT use or appreciate!) But kids aren’t wasteful by nature; what they are is inexperienced. This is why we built a tool to help them quickly research the total cost of a possible purchase and how much they’re likely to use and appreciate an item or experience before they spend their money or anyone else’s. Young people are like everyone else; when they slow down and really look at spending, they spend differently!
The DIMS-DOES IT MAKE SENSE?® SCORE Calculator is a quick and easy way for kids to practice making more thoughtful consumer choices. It’s available without registration or crossing a paywall. It only takes three to five minutes to generate a shareable DIMS SCORE® report that families or classrooms can use as the agenda for a relaxed, productive conversation about whether or not a possible purchase makes sense.
Can a free online thoughtful spending tool help young people avoid disappointment, reduce waste, improve family harmony, help protect the planet, and acquire basic money management skills all at once? We think ours can. If that sounds like magic to you, ask your kids to use DIMS SCORE® Calculator when thinking about what they might like to receive for their next holiday or birthday gift. The good feeling that comes from knowing that no one’s time or money will be wasted purchasing underappreciated gifts will probably make you feel like you have MAGiC powers – and you do, the power to give your kids Money And Gift Competence!
