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Smart Consumer Shopping

Smart Consumer Shopping

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Smart Consumer Shopping

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  1. Smart Consumer Shopping Bellringer What is the most expensive item you have purchased using your parents money? How much did it cost? What is the most expensive item you have purchased using your own money? How much did it cost?

  2. Plan Before You Shop • Identify Needs and Wants • Consider Your Budget • Plan When to Shop • http://www.getrichslowly.org/blog/2010/01/07/the-best-time-to-buy-almost-everything/

  3. Get a New Perspective • 80% of the world’s population lives on less than $10 a day • One-in-six people in the world lack safe drinking water.

  4. The typical person in the bottom 5 percent of the American income distribution is richer than 68 percent of the world’s inhabitants.

  5. How Long Do I Have To Work To Pay For This?Activity

  6. Consider Your Budget • Prom • Senior Year • College • Car

  7. $4 Billion is spent on prom related items each year Average Prom-related expenses:Prom dress $ 250.Casual Clothes for after or post parties $ 125.Prom Tickets $ 20.Shoes $ 40.Beauty Salon (nails, hair) $ 98.Florist $ 50.Accessories (Jewelry, Gloves, Garter) $ 65.Make-up (nail polish, lipstick, eye shadow, liner, mascara, blush, powder, etc.) $ 75.Other $55.Tuxedo Rental $150.Transportation $151. (53% will rent limo)Dinner $ 60.Photography $ 32. Average per couple spent going to prom $800 to $1000

  8. Product Research • Talk to people • Research product information via publications i.e. Consumer Reports • Company web sites • Visit stores to examine products

  9. Questions to Ask When Researching Products(Handout)

  10. What is comparison shopping? Checking several alternatives to ensure you are getting the best price on an item

  11. Comparison Shopping Advantage Disadvantage Save money Takes Time and effort

  12. How Long Do I Take To Comparison Shop for Specific Products?(Handout)

  13. Shopping Online Come up with list in pairs and record in notes Store Online Adv. Disadv. Adv. Disadv.

  14. Deciding Where to Shop Write down the at least 3 characteristics of each in groups of 3-4 Warehouse vs. Discount Store

  15. Which Type of Shopper Are You? • Economic • Personalizing • Ethical • Apathetic • Fringe Click Here for Explanations of the Types of Shoppers