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Chapter 14 Managing Your Money

Chapter 14 Managing Your Money. Lesson 14.2 You, the Consumer. How you can get the most for your money Ways that people pay for purchases. Discover. Thinking before you spend pays off. When you do some research and comparison shop, you get more for your money. Why It’s Important.

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Chapter 14 Managing Your Money

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  1. Chapter 14 Managing Your Money Lesson 14.2 You, the Consumer

  2. How you can get the most for your money Ways that people pay for purchases Discover

  3. Thinking before you spend pays off. When you do some research and comparison shop, you get more for your money. Why It’s Important

  4. impulse buying warranty exchange refund Key Terms

  5. You can become a smart shopper by comparing quality and price and reading the fine print. Becoming a Smart Shopper

  6. 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. Knowledge Is Power

  7. The problem with impulse buying is that you often purchase things you don’t need. These items are usually not part of your budget. Knowledge Is Power

  8. Graphic Organizer The Internet Word of Mouth Consumer Reports Newspapers Sources of Information Information Sources

  9. Always compare both the quality and price of an item you want to buy. Compare Quality and Price

  10. 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. Compare Quality and Price

  11. There may be times when you are willing to pay a high price. A higher-priced item may very well be good quality. Compare Quality and Price

  12. To get further information about a product, read the labels on the item. Read the Fine Print

  13. Graphic Organizer Label Information Information Required by Law Contents and Ingredients Use and Care Instructions Label Information Name of Manufacturer Address of Manufacturer Country of Origin Weight of Contents

  14. In addition to labels, many items come with a warranty. A warranty is a guarantee that a product meets certain standards of quality. Read the Fine Print

  15. If you’re a smart shopper, you’ll find out what the warranty covers before you purchase an item. Read the Fine Print

  16. The next time you’re ready to make a purchase, how are you going to pay? Making a Purchase

  17. Graphic Organizer Ways to Pay $ $ Check Layaway $ Cash $ $ Debit Card Credit

  18. Have you ever been unhappy with a product you purchased? You can ask for either an exchange or a refund. Refunds and Exchanges

  19. 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. Refunds and Exchanges

  20. Graphic Organizer Refunds or Exchanges  Know the store’s policy.  Make sure an exchange or refund is possible. Keep proof of your purchase. Be prompt and prepared.  

  21. Relax Ready-set-relax! Those are good starting instructions for any potentially stressful situation. Feeling calm and confident will help you do your best. Attitude Counts

  22. 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 Investigating Career Clusters Marketing, Sales, and Service continued

  23. Service The process of performing tasks for customers Investigating Career Clusters Marketing, Sales, and Service continued

  24. 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. Investigating Career Clusters Marketing, Sales, and Service

  25. 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 Thinking Q continued

  26. 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 Thinking A continued

  27. What are some of the risks involved in using credit? Critical Thinking Review Critical Thinking Q continued

  28. 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 Thinking A

  29. End of Chapter 14 Managing Your Money Lesson 14.2 You, the Consumer

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