If your child is willing to compare with others and spend money indiscriminately, you can educate your child like this.

First of all, we should tell our children that we only buy what we need and learn to be frugal.

Second, money is earned by mom and dad. It is not easy to make money.

Third, don't squander money, but have the awareness and habit of saving money.

Fourth, the money earned by mom and dad is the cost we use to live and go to school, not for you.

Fifth, mom and dad's money is not your money. When you grow up, you should make money through your own labor.

Sixth, don't compare with people outside. Other people's things may not be suitable for you. Whatever suits you is the best.