Comparison Shopping
What does it mean to comparison shop?
It means looking at different stores to compare the quality and prices of products to find the best deal or product.
What is a coupon?
A coupon is a voucher that provides a discount on a purchase.
What information can you find on a receipt?
Possible response(s): Vendor information, what you bought, how much you paid, taxes charged, and the return policy
What is a checking account?
Possible response(s): a secure place to store funds and manage everyday financial activities like deposits, withdrawals, bill payments, and tracking spending.
What is a prepaid card?
A card that allows you to spend a specific amount of money that was loaded onto it
Why is it important to set a budget before shopping?
A budget helps you know how much money you can spend and prevents overspending.
How can using a coupon affect your shopping experience?
It can save you money and make shopping more enjoyable.
Why is it important to keep your receipts?
Possible response(s): check that you were charged correctly, track spending, and return items if needed
How can you deposit money into your checking account?
Possible response(s): Visiting a bank, using an ATM, or making a mobile deposit using your phone
What is a gift card?
A card that can be used at specific stores for purchases and up to the money value ($) of the card
What features might you consider when buying sneakers?
Possible response(s): quality, appearance, comfort, price
If a store is having a sale, what can you do to get the best deal?
Possible response(s): Look for additional coupons to maximize your savings.
What is on a restaurant receipt that is not on a clothing store receipt?
The option to leave a tip (gratuity)
What is one way to withdraw money from a checking account?
Possible response(s): Going to your bank or using a debit card at an ATM
What is a peer-to-peer payment app?
An app that allows users to send money quickly to one another. Examples: Venmo, Cash App, Zelle, Apple Pay Cash, PayPal
How can search engines help you when shopping?
They allow you to find different products and prices online.
Why might you choose a store with higher prices?
If the store is known for good customer service, including policies for repair, replacement, or refund of products.
What can you do if you find a mistake on your receipt?
You can return to the store and talk to customer service to resolve it.
Why is it important to regularly review your account statement?
Possible response(s): to track spending, check for accuracy, make sure there aren't any fraudulent charges
How do mobile wallets work?
They store card information for convenient payments using a mobile device
What is one benefit of reading customer reviews before making a purchase?
It gives you an idea of the product's quality and whether it's worth the money.
If you apply a 20% off coupon to a $50 purchase, how much will be taken off?
You would save $10, making the total $40.
How often do banks send account statements?
Monthly.
What does a checking account enable you to do?
Possible response(s): write checks, use a debit card, make online payments, deposit funds
Why is it important to understand different payment methods?
Possible response(s): to manage finances effectively, to make informed decisions, to decide which form of payment is best for each situation