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Do Your Kids have Virtual Shopping Smarts

Authored By: Genisys Credit Union on 9/10/2017


Did you know that 73% of millennials questioned in a Bazaar Voice survey do all their shopping on their smartphones? It’s not surprising. The world of commerce is constantly becoming more digitized as retailers focus on improving their online presence to cater to cyberspace shoppers.

Online shopping has its downsides, though, mainly in the form of surprises when the item arrives, costly shipping expenses and impulse buys that are made too easily.

Fortunately, it has its upsides, too. Comparing prices between stores is a lot simpler when all it takes is clicking through a few sites instead of traipsing all over town. Couponing is now also just a matter of seconds, with no need for tedious clipping and saving.

 

Teach your kids to make the best of online shopping with this fun, educational activity.   All you need is a computer!


Sit down with your child to brief them on the ups and downs of online shopping.

Talk about comparing prices, checking for discount codes and being wary of overspending or buying items of inferior quality. Teach them about reading reviews and looking for reputable companies. Mention comparison-shopping engines like Google, and others they may have never used, like Nextag, Price Grabber, Shopping.com and Shopzilla.

When they have the information down pat, tell them they will now be tasked with buying an item online! The item should be something popular and one they’re interested in.


Give your child a fixed budget for the item and the following instructions (you may need to help with the final payment):

The goal is to purchase the lowest-priced, yet best-made product. This will earn a minimum of 100 points.

They will earn points for each part of the process, using the following guidelines:

 

Your child is now cyberspace-savvy!

 

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