Make lasting memories for your kids. They don’t need the latest phone. They need experiences. Take them apple picking, to the park, lake, sledding in the snow…..anything that will stand out in their mind when they are grown. You might face some resistance, but in the end, it will be worth it.
Aimee Knows 
Relevant to this topic – http://hbswk.hbs.edu/item/7321.html
Very relevant. Thanks for the link!