Comparison Shopping. Shopping Shopping is what you do when you spend income (money you have earned). You can do this in a variety of ways: a. In Store.

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Presentation transcript:

Comparison Shopping

Shopping Shopping is what you do when you spend income (money you have earned). You can do this in a variety of ways: a. In Store – going to a store to shop b. On-line – finding and purchasing items on the computer c. Mail Order – ordering things from a magazine or catalog

Reasons We Shop Why do you shop? Needs – things you must have to survive (food, clothes, medicine, etc.) Wants – things you don’t need but would like to have (presents, self, others, work, etc.)

Comparing Prices Price is how much an item costs the consumer. As the consumer, you want to use your income wisely. You compare prices. This means you look at the prices for an item in different stores and determine which one is the best purchase.

Compare Items An item is the good or service you are purchasing. As the consumer, you want to make wise purchases. You compare items. This means you look at the item you want to buy and compare it to similar items to determine which one is the better purchase.

What is BEST? What will determine the BEST purchase for the consumer? A. The amount of money available to spend. B. How the product will be used. C. Who the product is for. D. Where the product will be used.

Price Vocabulary When comparison shopping, there are some words you will use related to price: a) Cost – the price you would expect to pay. b) Expensive – a good or service that costs a lot more money than you expect. c) Cheap – a good or service that costs less money than you expect.

Payment Vocabulary When comparison shopping, there are some words you will use related to payment. a) Cash – means you will pay with money. b) Debit or Check – means you will pay with money you have in the bank. c) Plastic – means you will pay with a credit card, charge card or store credit card

The Bill Vocabulary When comparison shopping, there are some words you will use related to the bill. a) Sale – a reduced price. b) Tip – the amount over the cost of the bill you pay to reward your server for their hard work. c) Sales Tax – a fee you pay over the cost of your bill which goes to support the local or state government.

Common Words Vocabulary a) Environmentally Friendly – will not harm the environment b) Durable – strong or long lasting c) Affordable – you have enough money to buy it d) Easy to Install – software that is easy to add to your computer e) Fashionable – stylish

Comparison Shopping When you are comparison shopping you are using your income wisely. This allows you to stay within your budget and still purchase things you want or need. Comparison shopping is a good way to help you save money.