Key to the Future Chapter 1, Lesson 3 Warm-Up Questions CPS Questions Note for teacher: Use “Pick a Student” button in CPS

Key to the Future $ Shopping issues in daily life $ Renting or leasing an apartment $ Buying or leasing a car Chapter 1, Lesson 3

Key to the Future You have finally earned enough money to purchase your first car. List four things on a separate sheet of paper that you would consider prior to purchasing a car, and be prepared to share your list with the rest of the class. Note for teacher: Use “Pick a Student” button in CPS Photo courtesy of Shutterstock Chapter 1, Lesson 3

Key to the Future 1. Separate your wants from your needs 2. Do your research 3. Make your purchase 4. Maintain your purchase Photo courtesy of Shutterstock Chapter 1, Lesson 3

Key to the Future $ Trust your instincts $ Be knowledgeable about web-based auctions $ Be suspicious of prices that are too good $ Read the privacy policy $ Understand return, refund and shipping policies $ Use a secure Internet connection $ Print and save any records of your contact with the seller Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Plan your meals and make a list $ Watch for sales $ Buy store brands $ Stick to budget $ Don’t shop hungry $ Don’t impulse buy $ Minimize processed foods $ Buy in bulk, if the price is right $ Clip coupons Photo courtesy of Shutterstock Chapter 1, Lesson 3

Key to the Future Learning Check Questions CPS Questions Note for teacher: Use “Pick a Student” button in CPS Chapter 1, Lesson 3

Key to the Future $ On the worksheet provided create a mnemonic for recalling Online Shopping or Grocery Shopping tips. $ Be prepared to share your answers with the class. Chapter 1, Lesson 3

Key to the Future $ Compare prices and quality $ Use unit pricing when comparing products sizes $ Make sure to look at expiration date Photo courtesy of Shutterstock Chapter 1, Lesson 3

Key to the Future $ Excellent source of vitamins $ The darker the green or brighter the orange, the more the vitamins $ Purchase fruits and vegetables in season to save money $ Store produce in plastic bags so they won’t dry out $ Don’t be put off by appearance Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Beef $ Best grade of beef and most expensive is prime $ Pork $ Most popular cuts are ribs, roasts, and chops $ Lamb $ Most popular cuts are leg, chops, rack, and loin $ Poultry $ Main types of poultry are chicken and turkey $ Fish $ The sale of seafood is not regulated by the US government Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Canned and packaged goods have a long shelf life so you can stock up during a sale $ Some types of milk have more fat than others, check the fat content before purchasing $ Always check the expiration date before buying eggs $ You can buy cheese in several forms, but it will save money to buy in blocks and slice or grate it yourself $ Frozen foods are regularly on sale Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Don’t overspend $ Mix and match $ Shop discount stores $ Shop online $ Don’t buy latest fashion $ Be careful of good sales $ Don’t shop just to shop $ Buy at the end of season Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future Learning Check Questions CPS Questions Note for teacher: Use “Pick a Student” button in CPS Chapter 1, Lesson 3

Key to the Future $ Review weekly sales flyers for local grocery stores. $ On the worksheet provided determine the best location to shop for each item. $ Be prepared to share your answers with the class. Chapter 1, Lesson 3

Key to the Future $ Over the short term, renting an apartment is often less expensive than buying $ Renting can be necessary when you don’t have money for a down payment $ Renting is also a good idea when you are unsure about an area $ Tenant o A person who rents an apartment $ Landlord o Apartment owner Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Explore various neighborhoods where you may want to live $ Determine what size apartment you want $ Determine how much rent you can afford $ Look in the newspaper and online advertisements for apartments to rent $ Make sure you are compatible with your roommate Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future $ Real Estate Agent $ A professional who helps buy, sell, or rent homes and apartments $ Lease $ An agreement to pay rent and fulfill other obligations for a certain length of time $ Security Deposit $ A payment to make sure you meet your obligations as a tenant Chapter 1, Lesson 3

Key to the Future $ Don’t rush into anything $ Ask whether utilities are included $ Monthly rent and utilities should be no more than 30% of your gross income $ Most apartments are unfurnished $ Understand moving costs $ Bring someone with you $ Discuss any safety concerns $ Pets may require a pet deposit Photo courtesy of Shutterstock Chapter 1, Lesson 3

Key to the Future Learning Check Questions CPS Questions 7 – 8 Note for teacher: Use “Pick a Student” button in CPS Chapter 1, Lesson 3

Key to the Future $On the worksheet provided make a list of criteria for a new apartment. $Research apartments using your criteria using the Internet. $Be prepared to share your answers with the class. Chapter 1, Lesson 3

Key to the Future $ What kind do you need? $ How much can you afford? $ Should you get a new car or a used one? $ If you’ve decided on a used car, what kind of condition is it in? $ What kind of insurance will you need? $ What kind of resale value will the car have? $ How much will repairs cost? $ What is the financing rate? Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future Advantages of Leasing $ Lower Down Payment $ Lower Monthly Payment $ No need to find a buyer Disadvantages of Leasing $ No equity $ Extra fees for additional mileage $ Additional lease fees $ Costs more to lease than buy Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future Learning Check Questions CPS Questions 9 – 10 Note for teacher: Use “Pick a Student” button in CPS Chapter 1, Lesson 3

Key to the Future $On the worksheet provided create a comparison chart for buying vs. leasing a car. $Be prepared to share your answers with the class. Chapter 1, Lesson 3

Key to the Future $ Shopping issues in daily life $ Renting or leasing an apartment $ Buying or leasing a car Chapter 1, Lesson 3

Key to the Future Review Questions CPS Questions Chapter 1, Lesson 3 Note for teacher: Use “Pick a Student” button in CPS

Key to the Future $ Avoiding the credit trap Graphic courtesy of Shutterstock Chapter 1, Lesson 3