Presentation on theme: "Chapter 7: Bargain Shopping"— Presentation transcript:
1 Chapter 7: Bargain Shopping Unit 3: Financial Planning and Insurance
2 ExploreExamine the charts, graphics, and reading excerpts in Chapter 7: Bargain Shopping.Make a list of questions you would like to have answered as we go through the chapter.
3 Introduction WB: Before You Begin, pgs. 144-145 Journal: Review the Learning Outcome objectives and Key TermsComplete the “Before” column on the “Measure Your Progress” chartJournal:Explain the best deal you’ve ever negotiated.
4 Bargain Shopping: Part of a Healthy Financial Plan Section 1
5 It’s Okay to Want a Better Deal Video 1.1 (7 minutes): It’s okay to want a better dealJournal:Why do you think it’s so uncommon for people in our culture to negotiate?Read: The benefits of being a wise consumer (p. 147)
6 Discussion QuestionsHow can shopping for bargains help you win with money?Spending less on purchases allows you to save more money and should be a part of your healthy financial plan.How do you show integrity in negotiating a deal?In no way misrepresent the truthDo not set out to harm the other partyWork to create a win-win deal.What is the first key to getting a huge bargain?Learn to negotiate!
10 Know How to Score a Good Deal Video 2.2 (15 minutes): Know how to score a good dealJournal:Explain how you can get a better deal on something using cash rather than credit.
11 Discussion QuestionsExplain how using cash can increase your power of negotiation.Cash is emotional, visual and has immediacy which can contribute to negotiating a better deal.How can you use “walk-away” power in your negotiation?If you keep from getting emotionally attached to a purchase, you can always walk away if you are not able to get the deal you’re looking for.
12 Know How to Score a Good Deal Video 2.3 (10 minutes): Know how to score a good dealJournal:Explain why silence is powerful when negotiating a deal.
13 Discussion QuestionsWhy is it important to know when to stop talking when negotiating a good deal?As the buyer, it’s not your job to come up with the price. You should let the seller work for your business.Silence is a powerful negotiating tool as it puts the seller on the spot to win your business with a great offer.
14 Seal the Deal Video 2.4 (7 minutes): Seal the Deal Journal: Why is bargain shopping an important part of a healthy financial plan?
15 Discussion Questions What are the three keys for getting bargains? Negotiation, patience, and knowing where to find good deals.Where have you had the most success at finding great deals?Explain how the “If I” take-away technique works.You and the seller agree to a price, but then throw something else into the deal.
16 ActivityActivity:The Seven Basics of Negotiating (10 minutes)
18 Where to Find Great Deals Video 3.1 (11 minutes): Where to find great dealsRead:How to Help Stretch Your Hard Earned Money (p. 155)Journal:Have you ever used social media to get a great deal on something?
19 Name the PriceMrs. McClellan needed a new entertainment center. So she went to find a deal!Spot the problems.Estimate the cost for a solid pine cabinet with shelves.Was it worth the price?
20 Discussion QuestionsWhat are some ways that you can make your money go farther?Negotiate, know where to find good deals, buy off-brands, comparison shop, buy slightly outdated technology, shop at the end of the season, etc.What are some alternatives to shopping at a typical store?Garage sales, pawn shops, online auctions, etc.What is, typically, the motive of private sellers?Unlike commercial sellers, they aren’t trying to make a profit.Instead, they are trying to get some money out of stuff they no longer need.