1. Chapter 27 Shopping Versus Buying

2. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.2 Chapter Objectives 1.Identify differences between shoppers and buyers 2.List and describe five shopping skills of a wise consumer 3.Explain how credit cards and interest work 4.Describe what to do in case of identity theft (continues)

3. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.3 Chapter Objectives (continued) 5.Explain reasons why teenagers are a popular target for advertisers 6.Describe how health insurance works

4. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.4 Introduction Buying and spending money may be easy, but shopping wisely and getting the most for your money are important adult skills Developing the skills to use your money wisely is an important task

5. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.5 Consumer Skills Understanding product information Decision making Shopping versus buying Developing shopping skills

6. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.6 Wise Shopping Skills Know what you are looking for Know your budget Gather key information Compare your options Purchase your best option

7. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.7 Money Management Checking accounts Savings accounts Credit cards Prepaid cards

8. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.8 Identity Theft Thief uses your personal information to access your financial resources One of the fastest growing crimes Know what to do if your wallet or purse is stolen

9. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.9 Paying for Health Care Insurance Other forms of payment How it works Control of health care costs

10. © Copyright 2005 Delmar Learning, a division of Thomson Learning, Inc.10 Summary Good consumer skills are wellness skills Work to develop your skills and practice using them Health care is expensive and understanding insurance and payment systems is important