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Managing Spending

Managing Spending. TLW: prepare a budget to help you manage your money wisely. Activity: Read pages 445-446. Class discussion. Complete managing Your Money worksheet. Warm – up: budget – a written plan to help you make the most of the money you have. Managing Spending.

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Managing Spending

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  1. Managing Spending • TLW: prepare a budget to help you manage your money wisely. • Activity: Read pages 445-446. Class discussion. Complete managing Your Money worksheet. • Warm – up: budget – a written plan to help you make the most of the money you have.

  2. Managing Spending • TLW: prepare a budget to help you manage your money wisely. • Activity: Read pages 447-448. Class discussion. Complete Preparing a Budget. • Warm – up: emergency cash fund – this fund covers unexpected expenses.

  3. Managing Spending • TLW: identify and use reliable sources of consumer information. • Activity: Read pages 448-449. Class discussion. Complete Fixed and Flexible Expenses worksheet. • Warm – up: consumers – people who use their income to buy the items they need and want.

  4. Managing Spending • TLW: explain the methods businesses use to promote goods and services. • Activity: Read page 449. Class discussion. Complete Be an Informed Consumer worksheet. • Warm-up: goods – any type of product consumers buy, such as food or clothing.

  5. Managing Spending • TWL: explain the methods businesses use to promote goods and services. • Activity: Select an item you want to purchase and list as many resources for information about it as possible. • Warm-up: services – any type of work they pay to have done – hairstyling, repairs, or cleaning.

  6. Managing Spending • TLW: Identify and use reliable sources of consumer information. • Activity: Read page 450. Class discussion. • Warm-up: warranty – a written promise that guarantees a product will meet certain performance and quality standards.

  7. Managing Spending • TLW: Identify and use reliable sources of consumer information. • Activity: Read page 451. Class discussion. Complete The Pros and Cons of Advertising worksheet. • Warm-up: service contract – an extended warranty.

  8. Managing Spending • TLW: Make wise shopping decisions about where and how to shop. • Activity: Read pages 452. Class discussion. Complete Advertising activity with class. • Warm-up: impulse buying – an unplanned purchase.

  9. Managing Spending • TLW: Make wise shopping decisions about where and how to shop. • Activity: Read page 453. Class discussion. Complete Where to Shop activity. • Warm-up: comparison shopping – one way to compare products before you buy.

  10. Managing Spending • TLW: Describe your consumer rights and responsibilities. • Activity: Read pages 454-455. Class discussion. • Warm-up: recourse – you have the right to complain and receive some response.

  11. Managing Spending • TLW: Explain how your consumer rights are protected. • Activity: Read pages 456-458. Class discussion. Complete Comparison Shopping activity. • Warm-up: Better Business Bureau (BBB) – a nonprofit organization sponsored by private businesses that tries to settle consumer complaints against local business firms.

  12. Managing Spending • TLW: Explain how your consumer rights are protected. • Activity: Read page 459. Complete The Right Way to Complain worksheet. • Warm-up: Consumer Product Safety Commission (CPSC) – protects your right to safety of household products such as toys, appliances, tools, clothing and furniture.

  13. Managing Spending • TLW: Explain how your consumer rights are protected. • Activity: Read pages 460-461. Class discussion. Write a complaint letter. • Warm-up: Food and Drug Administration (FDA) - protects your right to safety by regulating the production, packaging, and labeling of foods, drugs, and cosmetics.

  14. Managing Spending • TLW: Explain how your consumer rights are protected. • Activity: Read page 464. Look up product recalls on line. • Warm-up: Federal Trade Commission (FTC) – protects your rights to information and selections by preventing unfair competition, deceptive trade practices, and false advertising.

  15. Managing Spending • TLW: Explain how your consumer rights are protected. • Activity: Read page 465. Class discussion. • Warm-up: Federal Communications Commission (FCC) – protects your rights to information and selection by handling complaints about the practices and charges of wired and wireless telephone systems.

  16. Managing Spending • TLW: Review for Chapter 24 Test

  17. Managing Spending • Chapter 24 Test

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