Should You Buy Your Kids LeBron X Sneakers?

Follow this advice if your children ask you to purchase this expensive footwear.

The latest in over-the-top gear that might catch a kid’s fancy is Nike’s LeBron X sneaker. It tops out at $270 for the high-end version, which comes with technology that lets users measure things such as how quick they are and how high they jump (the standard model retails for “only” $180). That’s a tad better than the $315 price point that was first reported. But the question remains: How should parents handle a kid’s request for this expensive footwear?

In a word, fuggeddaboutit. Sometimes, in the interest of teaching your children about relative values or just plain saving money, you have to say enough is enough. And $270 (or even $180) is too much.

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.