It is important for me as a parent to teach my kids money management. Here is a lesson I shared with them and I learned it the hard way.
We call it “impulse” buying but it is actually “mindless” buying. Technology is now designed to make us do that. And so this is a principle. “Before you see it, was there a need for it? If not, then it is simply “mindless.” Termed as “Impulse.” No need to buy! 🙂