Our process has been designed to allow kids to gain experience making better consumer choices in a simple, quick and engaging way. We help kids understand the true value of their requests, and to become more financially literate, by asking them all the questions parents normally want answered before agreeing to spend money.
We have three different calculators that help teach financial literacy. In each, Gifting Sense asks kids the questions parents typically want answered before they agree to help buy something.
Cost-Per-Use or Wear
Our most commonly used calculator for calculating how much clothing, toys, electronics and other items will really be used.
For experiences which makes sure that the safe transportation, snack, and souvenir costs are considered and not just the price of admission.
DIMS – Does It Make Sense?® Score Calculator
For generating a DIMS Score® from 1–10 intended to help kids and their parents understand if a requested gift makes sense.
We Help Teach Financial Literacy
In about two minutes kids can answer all the questions their parents would normally want answered before agreeing to spend money. Our process offers a quick burst of financial education that builds and lasts because it occurs every time purchases are being considered.
What are the sales tax and shipping costs?
Some of the questions parents almost always want answered when spending money are very simple, like “What are the sales tax and shipping costs?” because they know from experience that the price of an item is just the beginning of what it costs to actually receive it on-time.
Some of the questions parents often like answered when spending money are more involved, such as “How often will those snow boots get worn in a climate prone to rain?” because they know from experience you should spend the most on items that you will use the most.
How often will those snow boots get worn in a climate prone to rain?
Can you dance in those shoes or sit in that dress?
And some of the questions parents want answered can be emotionally charged and hard to ask, like “Can you dance in those shoes or sit in that dress?” But parents know from experience for example that going to a school dance is much more fun when the outfit being worn allows for full participation.
Reduce Waste and Increase Happiness
Our vision is a world where children are financially literate, thoughtful consumers, able to develop their best personal styles. We believe that by providing a way for kids to “thoughtfully prefer” what they might like to receive for an upcoming birthday or holiday gift, we can substantially reduce waste and increase happiness – across the planet!
Does It Make Sense?
By taking about two minutes to work through our on-screen calculators, children can prepare themselves to have the most productive conversations possible with their parents, friends or family members about what they might like to receive for an upcoming birthday or holiday gift.
We like to suggest that children rarely ask for gifts that cannot generate a DIMS – Does It Make Sense?® Score of 8 or more – but of course families can establish their own guidelines. Perhaps everyone in your family will be allowed one or two gifts a year that cannot generate a DIMS Score® of 8 or more.
Contributing to Something Greater
Every grandparent, aunt and uncle we spoke to would far rather put their gift dollars towards an item that will be used and appreciated, versus one that will not. Unfortunately, after about age 11, many of the gifts children ask for come with price tags that exceed what individual gift givers typically spend…
So on top of teaching financial literacy, we give you a tool that can be used to organically crowd-fund – because it can make a lot of sense for extended family members to contribute to one more meaningful gift, versus buying smaller, less useful gifts on their own.
When your children complete a Gift Survey they will receive a PDF of all the calculations and questions they have answered. Parents can in turn forward that PDF to grandparents and other family members when asked what their child would enjoy most for an upcoming holiday or birthday gift.
Getting Together to Buy One Gift That Counts
Kids get what they really want and learn the power of good manners and forward planning. Parents feel better knowing no one’s money or time is being wasted and that their children are learning to “think before they buy”. Landfills will receive fewer unwanted and under appreciated gifts. It’s a win-win-win. But don’t just take our word for it – this year, when talk of holiday or birthday gifts enters the dinner conversation, tell your kids about our free simple process and make it a pre-condition for shopping.
Help Us Help You
Gifting Sense has been in development and privately funded for 40 months. We believe we have built a public good that can help children easily acquire some basic financial skills. If your family agrees, please consider donating $10.00 to allow us to continue to refine and execute our mission – which is to turn shopping for holiday and birthday gifts into a tool parents can use to help teach their children financial literacy. Thank You.