managing spending tlw: prepare a budget to help you manage your money wisely. activity: read pages...
TRANSCRIPT
Managing SpendingManaging Spending
TLW: prepare a budget to help you TLW: prepare a budget to help you manage your money wisely.manage your money wisely.
Activity: Read pages 445-446. Class Activity: Read pages 445-446. Class discussion. Complete managing Your discussion. Complete managing Your Money worksheet. Money worksheet.
Warm – up: Warm – up: budgetbudget – a written plan to – a written plan to help you make the most of the money help you make the most of the money you have. you have.
Managing SpendingManaging Spending
TLW: TLW: prepare a budget to help you prepare a budget to help you manage your money wisely.manage your money wisely.
Activity: Read pages 447-448. Class Activity: Read pages 447-448. Class discussion. Complete Preparing a discussion. Complete Preparing a Budget. Budget.
Warm – up: Warm – up: emergency cash fundemergency cash fund – – this fund covers unexpected this fund covers unexpected expenses. expenses.
Managing SpendingManaging Spending
TLW: identify and use reliable sources TLW: identify and use reliable sources of consumer information.of consumer information.
Activity: Read pages 448-449. Class Activity: Read pages 448-449. Class discussion. Complete Fixed and discussion. Complete Fixed and Flexible Expenses worksheet.Flexible Expenses worksheet.
Warm – up: Warm – up: consumersconsumers – people who – people who use their income to buy the items they use their income to buy the items they need and want.need and want.
Managing SpendingManaging Spending
TLW: explain the methods businesses use TLW: explain the methods businesses use to promote goods and services.to promote goods and services.
Activity: Read page 449. Class discussion. Activity: Read page 449. Class discussion. Complete Be an Informed Consumer Complete Be an Informed Consumer worksheet. worksheet.
Warm-up: Warm-up: goods goods – any type of product – any type of product consumers buy, such as food or clothing.consumers buy, such as food or clothing.
Managing SpendingManaging Spending
TWL: explain the methods businesses use TWL: explain the methods businesses use to promote goods and services.to promote goods and services.
Activity: Select an item you want to Activity: Select an item you want to purchase and list as many resources for purchase and list as many resources for information about it as possible. information about it as possible.
Warm-up: Warm-up: servicesservices – any type of work they – any type of work they pay to have done – hairstyling, repairs, or pay to have done – hairstyling, repairs, or cleaning. cleaning.
Managing SpendingManaging Spending
TLW: Identify and use reliable sources of TLW: Identify and use reliable sources of consumer information. consumer information.
Activity: Read page 450. Class discussion. Activity: Read page 450. Class discussion. Warm-up: Warm-up: warrantywarranty – a written promise – a written promise
that guarantees a product will meet certain that guarantees a product will meet certain performance and quality standards.performance and quality standards.
Managing SpendingManaging Spending
TLW: Identify and use reliable sources of TLW: Identify and use reliable sources of consumer information. consumer information.
Activity: Read page 451. Class discussion. Activity: Read page 451. Class discussion. Complete The Pros and Cons of Advertising Complete The Pros and Cons of Advertising worksheet. worksheet.
Warm-up: Warm-up: service contractservice contract – an extended – an extended warranty.warranty.
Managing SpendingManaging Spending
TLW: Make wise shopping decisions about TLW: Make wise shopping decisions about where and how to shop. where and how to shop.
Activity: Read pages 452. Class Activity: Read pages 452. Class discussion. Complete Advertising activity discussion. Complete Advertising activity with class. with class.
Warm-up: Warm-up: impulse buyingimpulse buying – an unplanned – an unplanned purchase.purchase.
Managing SpendingManaging Spending
TLW: Make wise shopping decisions about TLW: Make wise shopping decisions about where and how to shop. where and how to shop.
Activity: Read page 453. Class discussion. Activity: Read page 453. Class discussion. Complete Where to Shop activity. Complete Where to Shop activity.
Warm-up: Warm-up: comparison shoppingcomparison shopping – one – one way to compare products before you buy.way to compare products before you buy.
Managing SpendingManaging Spending
TLW: Describe your consumer rights and TLW: Describe your consumer rights and responsibilities. responsibilities.
Activity: Read pages 454-455. Class Activity: Read pages 454-455. Class discussion. discussion.
Warm-up: Warm-up: recourserecourse – you have the right to – you have the right to complain and receive some response.complain and receive some response.
Managing SpendingManaging Spending
TLW: Explain how your consumer rights are TLW: Explain how your consumer rights are protected. protected.
Activity: Read pages 456-458. Class discussion. Activity: Read pages 456-458. Class discussion. Complete Comparison Shopping activity.Complete Comparison Shopping activity.
Warm-up: Warm-up: Better Business Bureau (BBB) Better Business Bureau (BBB) – a – a nonprofit organization sponsored by private nonprofit organization sponsored by private businesses that tries to settle consumer businesses that tries to settle consumer complaints against local business firms. complaints against local business firms.
Managing SpendingManaging Spending
TLW: Explain how your consumer rights are TLW: Explain how your consumer rights are protected. protected.
Activity: Read page 459. Complete The Activity: Read page 459. Complete The Right Way to Complain worksheet. Right Way to Complain worksheet.
Warm-up: Warm-up: Consumer Product Safety Consumer Product Safety Commission (CPSC) Commission (CPSC) – protects your right – protects your right to safety of household products such as to safety of household products such as toys, appliances, tools, clothing and toys, appliances, tools, clothing and furniture. furniture.
Managing SpendingManaging Spending
TLW: Explain how your consumer rights are TLW: Explain how your consumer rights are protected. protected.
Activity: Read pages 460-461. Class Activity: Read pages 460-461. Class discussion. Write a complaint letter. discussion. Write a complaint letter.
Warm-up: Warm-up: Food and Drug Administration Food and Drug Administration (FDA) (FDA) - protects your right to safety by - protects your right to safety by regulating the production, packaging, and regulating the production, packaging, and labeling of foods, drugs, and cosmetics.labeling of foods, drugs, and cosmetics.
Managing SpendingManaging Spending
TLW: Explain how your consumer rights are TLW: Explain how your consumer rights are protected. protected.
Activity: Read page 464. Look up product Activity: Read page 464. Look up product recalls on line. recalls on line.
Warm-up: Warm-up: Federal Trade Commission Federal Trade Commission (FTC) (FTC) – protects your rights to information – protects your rights to information and selections by preventing unfair and selections by preventing unfair competition, deceptive trade practices, and competition, deceptive trade practices, and false advertising. false advertising.
Managing SpendingManaging Spending
TLW: Explain how your consumer rights are TLW: Explain how your consumer rights are protected. protected.
Activity: Read page 465. Class discussion. Activity: Read page 465. Class discussion. Warm-up: Warm-up: Federal Communications Federal Communications
Commission (FCC)Commission (FCC) – protects your rights to – protects your rights to information and selection by handling information and selection by handling complaints about the practices and charges complaints about the practices and charges of wired and wireless telephone systems. of wired and wireless telephone systems.
Managing SpendingManaging Spending
TLW: Review for Chapter 24 TLW: Review for Chapter 24 TestTest
Managing SpendingManaging Spending
Chapter 24 Test Chapter 24 Test