Comparing Prices
What is unit price?
This tells you how much something costs per unit, like per ounce or item.
What is a budget?
This is a plan for how you will spend and save your money.
What are reviews?
Reading these before buying helps you understand product quality.
What are needs?
These are things you must have to live, like food and shelter.
What is an emergency fund?
Money set aside for unexpected expenses is called this.
What is a lower cost per unit?
Buying in bulk is often cheaper because of this pricing advantage.
What is income?
Money you receive regularly from work is called this.
What is a return policy?
This tells you how long you have to return an item after purchase.
What are wants?
These are things you can live without, like video games or luxury items.
What is saving?
Putting money into a bank account regularly is called this.
What is a price comparison website or app?
This tool helps you compare prices quickly while shopping online.
What are fixed expenses?
Expenses like rent that stay the same each month are called this.
What is an energy rating?
This label shows how energy-efficient a product is.
What are needs?
Rent and groceries are examples of this category.
What is interest?
This is extra money earned on savings in a bank account.
What is shipping cost?
This hidden cost can make a cheap item more expensive when buying online.
What is the 50/30/20 rule?
This popular rule divides money into needs, wants, and savings percentages.
What is value for money?
This means choosing quality over the lowest price.
What is a want?
Buying designer clothes instead of basic clothing is an example of this.
What is budgeting (or tracking expenses)?
his habit helps reduce spending and increase savings over time.
What is comparison shopping?
This strategy involves checking multiple stores before buying something.
What is net income?
This is what you calculate when you subtract expenses from income.
What is a rational purchase?
This type of buying decision is based on careful research and comparison.
What is the 50/30/20 rule?
This budgeting rule separates spending into needs, wants, and savings.
What is 3–6 months?
Experts recommend saving this many months of expenses for emergencies.