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Lesson 6 - Overview

Lesson 6 -  Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

 Objectives

Upon successful completion of this lesson, students will be able to:

LO6.1

 Identify strategies for effective consumer buying.

LO6.2

 Implement a process for making consumer purchases.

LO6.3

 Describe steps to take to resolve consumer problems.

LO6.4

 Evaluate legal alternatives available to consumers.

 

Overview

Daily buying decisions involve a trade-off between current spending and saving for the future. A wide variety of economic, social, and personal factors affect daily buying habits. These factors are the basis for spending, saving, investing, and achieving personal financial goals. In very simple terms, the only way you can have long-term financial security is to not spend all of your current income. In addition, overspending leads to misuse of credit and financial difficulties.

 

Read:

Chapter 6 (LearnSmart)

 

View:

Chapter 6 Narrated Slides Links to an external site.

Download Chapter 6 PowerPoint

Chapter 6 Videos

Buying vs. Leasing Automobiles (Links to an external site.)

Consumer Complaint Process (Links to an external site.)

Wise Online Buying Activities (Links to an external site.)

Wise Purchasing Strategies (Links to an external site.)

 

Discuss:

Download PF Ch 6 Discussion Outline.docx

 

Helpful file(s) and information:

 

 Submit:

Connect and LearnSmart

  • LearnSmart (estimated 45 minutes, but will vary by user)
  • Chapter 6 Homework (5 questions, You may want to wait until after math lesson in class.)