Do your best and leave the rest. How? As long as you make it clear to your children, that there is no competition between them and anybody. They should understand that “there is time for everything under the sun “. Even if their peers are buying or using expensive gadgets like mobile phones, iPods, laptops , designers stuffs, make it clear to them, they don’t need those things to be WHO they are. Those things should not be used as basis for their identities rather; they should go for more lasting impressions like academic excellence, sound character, good sport records and other wonderful extra-curricular activities which can be related to their persons!
Life is all about making the right choices, make them to understand this.