A–Z Glossary

Total cost of ownership

Total cost of ownership is the purchase price plus maintenance, supplies, repairs, replacement parts, storage, and other expenses over an item’s usable life.

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Budgeting and smart shopping for kids gear

Budgeting and smart shopping for kids gear

Start with needs, not product categories A common budgeting mistake is beginning with a shopping list organized by product type: backpack, lunch box, shoes, coat, sports equipment, and so on. A more useful starting point is the child’s actual routine. List the settings in which gear will be used, such as school, transportation, outdoor play, […]