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Chapter 14Managing Your Money
Chapter 14Managing Your Money
Lesson 14.2 You, the Consumer
Lesson 14.2 You, the Consumer
2Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
DiscoverDiscover
How you can get the most for your money
Ways that people pay for purchases
3Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Why It’s ImportantWhy It’s Important
Thinking before you spend pays off. When you do some research and comparison shop, you get more for your money.
4Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Key TermsKey Terms
impulse buyingwarrantyexchangerefund
5Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Becoming a Smart ShopperBecoming a Smart Shopper
You can become a smart shopper by comparing quality and price and reading the fine print.
6Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Knowledge Is PowerKnowledge Is Power
When you get in the habit of gathering information about products, you can avoid impulse buying.
Impulse buying is making a sudden, unplanned decision to buy.
7Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Knowledge Is PowerKnowledge Is Power
The problem with impulse buying is that you often purchase things you don’t need.
These items are usually not part of your budget.
8Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Sources of InformationSources of InformationGraphic OrganizerGraphic Organizer
Information Sources
TheInternet
Word ofMouth
Newspapers ConsumerReports
9Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Compare Quality and PriceCompare Quality and Price
Always compare both the quality and price of an item you want to buy.
10Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Compare Quality and PriceCompare Quality and Price
A more expensive product isn’t always the better product.
Sales items may be less expensive than regular-priced items, but they may not be of the same quality.
11Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Compare Quality and PriceCompare Quality and Price
There may be times when you are willing to pay a high price.
A higher-priced item may very well be good quality.
12Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Read the Fine PrintRead the Fine Print
To get further information about a product, read the labels on the item.
13Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Label InformationLabel InformationGraphic OrganizerGraphic Organizer
LabelInformation
Information Required by Law
Use and Care
Name of Manufacturer
Country of Origin
Contents and Ingredients
Instructions
Address of Manufacturer
Weight of Contents
14Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Read the Fine PrintRead the Fine Print
In addition to labels, many items come with a warranty.
A warranty is a guarantee that a product meets certain standards of quality.
15Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Read the Fine PrintRead the Fine Print
If you’re a smart shopper, you’ll find out what the warranty covers before you purchase an item.
16Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Making a PurchaseMaking a Purchase
The next time you’re ready to make a purchase, how are you going to pay?
17Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
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Ways to PayWays to PayGraphic OrganizerGraphic Organizer
Check
Debit Card
Layaway
Credit
Cash
18Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Refunds and ExchangesRefunds and Exchanges
Have you ever been unhappy with a product you purchased?
You can ask for either an exchange or a refund.
19Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Refunds and ExchangesRefunds and Exchanges
An exchange is a trade of one item for another.
A refund is the return of your money in exchange for the item your purchased.
20Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Refunds or ExchangesRefunds or ExchangesGraphic OrganizerGraphic Organizer
Know the store’s policy.
Keep proof of your purchase.
Make sure an exchange or refund is possible.
Be prompt and prepared.
21Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Attitude CountsAttitude Counts
Relax
Ready-set-relax! Those are good starting instructions for any potentially stressful situation. Feeling calm and confident will help you do your best.
Relax
Ready-set-relax! Those are good starting instructions for any potentially stressful situation. Feeling calm and confident will help you do your best.
22Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Investigating Career Clusters
Investigating Career Clusters
Marketing The process of developing, promoting, and distributing products to satisfy customers’ needs and wants
Sales The process of providing goods and services to customers for a price
Marketing The process of developing, promoting, and distributing products to satisfy customers’ needs and wants
Sales The process of providing goods and services to customers for a price
continuedcontinued
Marketing, Sales, and ServiceMarketing, Sales, and Service
23Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Investigating Career Clusters
Investigating Career Clusters
Service The process of performing tasks for customersService The process of performing tasks for customers
continuedcontinued
Marketing, Sales, and ServiceMarketing, Sales, and Service
24Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Investigating Career Clusters
Investigating Career Clusters
Do you love shopping? Do you look forward to school fund-raisers because you know you’ll win an award for selling the most items? If so, you might consider a career in marketing, sales, and service.
Do you love shopping? Do you look forward to school fund-raisers because you know you’ll win an award for selling the most items? If so, you might consider a career in marketing, sales, and service.
Marketing, Sales, and ServiceMarketing, Sales, and Service
25Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
Why might it be important for people to read about the use and care of a product before deciding to purchase it?
Why might it be important for people to read about the use and care of a product before deciding to purchase it?
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
26Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
If you learn about the use and care of a product before you buy it, then you will avoid buying something that doesn’t meet your needs, is difficult to care for, or is too expensive to maintain.
If you learn about the use and care of a product before you buy it, then you will avoid buying something that doesn’t meet your needs, is difficult to care for, or is too expensive to maintain.
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
AA
27Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
What are some of the risks involved in using credit?What are some of the risks involved in using credit?
Critical Thinking Review
Critical ThinkingCritical Thinking
continuedcontinued
28Chapter 14 Managing Your Money
You, the ConsumerYou, the Consumer
The risks of using credit include: Credit makes it easy to buy on impulse; what you purchase on credit may not fit your budget; you may not be able to keep up with payments; you may end up paying more for something because of the fees charged by credit card companies.
The risks of using credit include: Credit makes it easy to buy on impulse; what you purchase on credit may not fit your budget; you may not be able to keep up with payments; you may end up paying more for something because of the fees charged by credit card companies.
Critical Thinking Review
Critical ThinkingCritical Thinking
AA
End of Chapter 14Managing Your Money
End of Chapter 14Managing Your Money
Lesson 14.2 You, the Consumer
Lesson 14.2 You, the Consumer
