1. Section Outline 1 of 6 Our Economy and You Section 2: Spending and Saving I.Making Spending Decisions II.Making Saving Decisions III.Insurance Section Reading Support Transparency

2. 2 of 6 Our Economy and You Section 2: Spending and Saving Main Idea People must consider major expenses carefully. Smart spending decisions include comparing prices and quality, resisting sales pressure, and buying only what is affordable. People often keep liquid savings that are easy to access. Many other good investments cannot be exchanged for cash as easily. Key Terms Warranty Liquidity Time deposit Insurance

3. Making Spending Decisions Pressures The consumer is constantly pressured. 3 of 6 Our Economy and You Section 2: Spending and Saving Choosing What to Buy Consider: Price Quality Features Warranty and Service Sales/Discounts

4. 4 of 6 Our Economy and You Section 2: Spending and Saving Making Saving Decisions Liquidity The ability to turn savings back into cash Income Banks and Time Deposits: a savings plan with a set length of time that you must keep your money in the account Safety and Savings Keeping your money safe is important. Savings accounts meet the needs of many.

5. 5 of 6 Our Economy and You Section 2: Spending and Saving Insurance A plan by which a company gives protection from the cost of injury or loss Life insurance Property insurance Health insurance Liability insurance

6. Our Economy and You: Section 2 Section Reading Support Transparency 6 of 6