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Smart Spending Decisions: A Guide to Mindful Financial Choices

Learn strategies for mindful spending decisions, understand influences on spending choices, and practice the DECIDE steps for major purchases. Tips on loyalty programs and using apps to shop smarter.

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Smart Spending Decisions: A Guide to Mindful Financial Choices

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  1. Decision Making Today you will . . . Practice strategies to help you be mindful about major spending decisions (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making

  2. There’s an App for That! (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making How many smart phone or iPad apps can you think of that help you shop smarter? What other ways do you save money or check the quality of products when you are shopping?

  3. Preview (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making Today we will answer these questions: What influences my spending decisions? What strategies help me take control of my spending? How does the decision-making process work? Use what you learn today to make a deliberate spending decisionfor a major purchase.

  4. Marketing to Loyal Customers (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making List examples of customer loyalty programs. Have you ever spent more moneythan you plannedto earn more points or rewards?

  5. DECIDE to Make a Sensible Decision (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making Define your goal. Establish criteria for an acceptable outcome. Choose two or three good options. Identify pros and cons of the options. Decide the best option that matches criteria. Evaluate the results.

  6. Selena’s Phone Plan (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making Scenario Selena’s parents asked her to research options for a family cellphone plan to cover all four family members. Her older brother attends an in-state college. He has agreed to contribute $30 a month to the cost of the family plan if he can get unlimited talk and text minutes along with a data plan. Use the DECIDE steps to select a family plan for Selena.

  7. New or Used Car? (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making Scenario Use the DECIDE steps to select a car for your family or your own transportation.

  8. Challenge Assignment (c) 2012 National Endowment for Financial Education | Lesson 1-3 Decision Making Apply the DECIDE stepsas you decide the best optionfor a major purchase you are consideringsometime in the next six months.

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