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Bargain Value - December 2006

The Gift of Time

December 22nd 2006 05:56
In my last piece, I wrote about practical gifts that can be practically used by your child. There’s one other key to understand, particularly in a small family. With many gifts, you’re giving something besides money, you’re implying a promise of time.

If you buy a child a board game, you should be willing to sit down and play it. You’ve in effect committed to that when you bought the present. Yes, if you’ve got more than one child they can play together, but there’s nothing like mom or dad joining the fray.

It’s one way to insure a game like Monopoly lasts, by actually taking time to teach them how to take care of it. As a parent, you’ve got a great opportunity to help your child enjoy his toys (and also save yourself some money on next year’s toys) by teaching them how to do it. If a present is going to require you and you don’t have the time to play with it with your child, don’t buy it.


Speaking as a grown up child, let me tell you the most important gifts my parents gave me, never came in the boxes, it never all wrapped up with pretty paper. It never came in the biggest, most ostentatious gift I received, it came afterwards, when my dad would sit down and play the game with me.

If you buy presents that take time with your kids, it’s an incredible sacrifice, but at the same time, an incredible bargain for both you and your child.

Have a Merry Christmas.
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Finding the Best Toys

December 21st 2006 05:54
What is the best possible toy for a child? It depends on the child. Toy buying has been made so fully convenient and commercial that we rarely have to think about it.

Kids see something on TV and say, “I want,” parents go and by it. Kids are happy with the toys for the few days they play with it, and the corporations are happy. Some advertisements even target the parents and we get toys based on what the parent's inter-child would like to play with if a 32-year-old office manager wouldn’t feel silly making vroom noises while flying an airplane around (by himself.) But, did we really get a good toy?


The key toy questions:

1) What are the child’s interests?

Let’s go ahead and exclude TV shows from the list as a total decider of interest, because today’s kid show characters are intended to be fully marketable toys. The key question is what actually interests the child. What will spark his/her imagination. That’s the million dollar question.

TV shows may show you where the kid’s true interest lie. If he enjoys science fiction TV shows, than a nice telescope could help him see the real stars. Or if he’s interested in bears, toy animals or books about real animals may be up his alley. Know your child’s at-heart interest, not just the superficial things they do.

2) What will you put up with?

This is the nine hundred thousand dollar question. If you’ve got a son who likes playing with toy trucks, but you have a low tolerance for loud noise, buy a quiet truck, not the one with all the (noisy) bells and whistles.

If you’re not willing to be patient teaching responsibility, don’t buy a live pet.

Again, know what you can handle. You don’t want Christmas to turn into a source of conflict.

3) What is practical?

Buy a present that the child will be able to use. Sometimes, parents will buy presents because several years back they’d wanted to buy a present, but hadn’t had the money. Don’t buy a present to make up for something. Odds are that after a couple years, you’ll pass the age where the toy will be fully enjoyed.

If you observe that a young child tears up toys dolls, etc. don’t buy expensive new toys. Many parents get angry when a child rips apart a $20 doll, but a $2 or $5 doll is different.

Also, buy things that are practical. I lived in a school bus-turned-motor-home growing up, and we stayed in Trailer parks a lot. One year my dad got us kids a croquet set and a volleyball net. So, this was not a practical present.

If you’re going to get the child something they’ll have to learn like a musical instrument or roller blades, you’d better be prepared to teach them or find someone else to teach them. Kids don’t self-teach well, but require some type of guidance.

Following these guidelines, you can find the right toy for your child without busting your budget.
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We’ve discussed four of the top ten toys of 2006. The remaining six toys can be split into two categories.

First, the repackaged classic: TMX Tickle Me Elmo and Monopoly have undergone some changes. TMX Tickle Me Elmo gives a lot more movement when you tickle it, while Monopoly has added some different street names.

Second, techno/novelty toys: Radica Digi Makeover allows girls to make themselves over on a computer screen. Flywheels XPV is a cool flying airplane. Then we have Butterscotch: My Furreal pony, a toy pony for small children that responds to the child combing her hair. Finally, there’s Mattel’s High School Musical DVD game.

Now, Butterscotch will cost you a bit. $500 to be precise. As this is a toy that’s going to be best enjoyed by a 2-4 year old, I have huge problem justifying the price. Unless you’re fabulously wealthy that’s not even sane or reasonable.

The others are not a huge deal if you can get them at a reasonable price. But the time for that was about a month ago. At this point, those of you trying to get these toys are at the mercy of cutthroat sellers who’ve got you over a barrel. Look at these presents realistically.

A handheld makeover machine is little different than all the makeover software that’s already out there. There are The XPV is a nice airplane, but there’ve been others that are as nice, if not nicer. The Musical DVD game is guaranteed to plunge in price. If it’s got staying power, it will be as fun next year as is it is this year. TMX Tickle Me Elmo, you know that’s got staying power and is going to be available around the child’s next birthday, but without all the craziness.

As for Monopoly, one edition is going to be little different than another in terms of how much people will enjoy it.

So, you don’t need to rush to get any of the top 10 in demand toys. But, if you’ve procrastinated this long, how do you figure out the best toy to get, particularly if you’re not going to be able to get them? That’s our next series.
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I called this series, The Top 10 Ebay Bargains of 2007 (in reviewing Fortunes top 10 in-demand toys) because all these items that are so expensive this year are almost all certain to be back on Ebay at relatively huge bargains.

Now, some are constantly upgrading every year. The toy companies depend on these people to make each year a better one than the last. They’ve got more than enough fools out there, don’t you be one of them


[ Click here to read more ]
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What are unwise people doing with their money this year?

Hunting down the Top 10 toys of 2006. Forbes has the list. I have the antidote. Common sense


[ Click here to read more ]
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Buying for Large Families

December 6th 2006 06:46
On a recent financial talk call-in show, a man told how his wife’s family had a tradition of spending $20 per person on Christmas. His wife came from a huge family (and her siblings had kids on top of that) and buying that many presents would be a certain budget buster. The host advised having both he and his wife talk to her family and explain their situation.

Honesty is always the best policy on something like this, and sometimes you can afford to buy something, but how do you maintain balance and avoid going broke


[ Click here to read more ]
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One of the biggest wastes of money at Christmastime are the hundreds of dollars in toys bought for young, two and three-year-old kids. I remember visiting the house of family friends when I was a boy. Their children who were but toddlers had received dozens of new toys

Most of the toys were broken. Not all. It was only February. But throughout the year, I saw reminders of how rough little kids could be as expensive toys bit the dust and hundreds of dollars spent on them was simply gone


[ Click here to read more ]
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