What makes Someone a Smart Consumer
What are wants?
Wants are the things you can live without but would be nice to have and they add value.
What should you look at when comparing prices?
Quality, Quantity, and Craftsmanship
What is a phone plan.
a phone plan is a contract where you pay monthly.
What is the purpose of a warranty?
To protect consumers by providing a guarantee.
What are needs
Needs are things that you can't live without like water and food
How should you budget
By how much you have and what needs paid.
What is a type of prepaid plan
phone plans
What is a contract
It outlines the terms of an agreement
What does it mean to be a smart shopper.
A Smart shopper means having self-control and clear reasons for buying something.
What are some shopping red flags
Low prices, spelling errors, and no contact information
Is a phone plan a long term commitment
yes
What are common gothcas
Some common gotchas are hiding little auto renewals and cancellation fees.
Whats the benefit of comparing products or services before buying?
It helps you find the best deal, avoid unnecessary expenses, and achieve your financial goals.
Carson buys a cheap hammer does this mean it is good or bad quality
bad quality
What do Warranties act as
a legal agreement
If Xavier has $5 and buys a $7000 pig. Is he being a Smart Consumer and why?
No because he does not have that money.
Jaquavius buys a fishing pole for $100 off Temu. It says it would have been here Tuesday but it is Friday and it has still not shown up. He hasn't heard anything either and it was charged to his card, he thinks he got scammed. What did he do wrong?
He did not check for red flags before buying.
what is a type of contract
phone plans or loans