Comparison Shopping
The practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price.
What is comparison shopping?
A document acknowledging that a person has received money or property after a sale.
What is a receipt?
A card issued by a bank allowing the owner to transfer money electronically to another bank account when making a purchase.
What is a debit card?
Before you begin to comparison shop, you should...
Decide what features you want and what your budget is.
A mandatory financial charge that the government adds to the cost of some goods, services, and transactions.
What is a tax?
A card that is loaded with a specific cash amount and can only be used at a SPECIFIC store.
What is a gift card?
Should you do more comparison shopping for a box of donuts or a pair of running shoes?
A pair of running shoes.
A sum of money (added to the bill total) given by a customer to a waiter or waitress for their service.
What is a tip?
A card that is loaded with a specific cash amount and can be used at ANY store.
What is a prepaid card?
Name two resources you can use to comparison shop.
Internet, Consumer Reports magazine, friends and family, sales representatives.
Name a piece of information you would usually see on a receipt.
Date and time of purchase; total cost; tax and tip.
An online process that allows you to send money directly from your checking account to another person using a username, email address, or cell phone number.
What is a peer-to-peer payment app (PayPal, Venmo, CashApp, etc.)?
What do you need to think about when comparison shopping besides price?
Quality and features.
Why might you want to keep a receipt?
Returns and exchanges; gift receipts; budgeting; check that bank and credit statements are correct.
Name a situation in which you would use a peer-to-peer payment app.
To repay a friend, etc.