1. Consumer Safety

2. Journal
OBJECTIVE
Students will be able to…
Utilize safe consumer practices
AGENDA
Types of Fraud
Protecting Yourself
Test Corrections/Study Guide
Today, we’re going to talk about “Consumer Safety.” What does that term mean to you, and how can you practice being a safer consumer?

3. Announcements
You tell me…
Test Prep Flex

4. Types of Fraud
Ponzi (Pyramid) Scheme- An “investment” plan where your money goes to other investors, instead of toward an actual product
What’s the difference?
Phishing- Pretending to be a legitimate institution for the purpose of stealing someone’s financial information
IRS story

5. Protecting Yourself: Ponzi Scheme
Now that you know what it is, how can you avoid becoming trapped in one?
Possible Solutions:
Always know what you’re spending your money on
Only invest through people you trust and make sure that you’re involved with the process
Be careful of multi-level marketing companies. They do a similar thing but with an actual product, rather than investments

6. Protecting Yourself: Phishing Trip
How can you know a call from your bank is actually from the bank?
Possible Solutions:
Don’t give them the information. Then YOU call the bank back (look up the number online; don’t redial!)
Don’t download anything or click any links unless you know what they are
Never send important information over !
Reconcile your accounts every month

7. I Gotchu, Fam These are agencies that have your back…
Food & Drug Administration (FDA)- sets and enforces safety standards for food, drugs, and cosmetics.
Consumer Product Safety Commission (CPSC)- sets and enforces safety standards of products such as household appliances, toys, and tools
Federal Trade Commission (FTC)- protects consumers against false advertising, illegal sales schemes, and all unfair trade practices
Better Business Bureau (BBB)- non-profit organization that provides consumer education materials, answer consumer questions, and provide general information about a company's consumer complaint record.

8. Test Corrections/Study Guide
Completion of the study guide for the state test will count as your test corrections, in two parts
Multiple Choice- Everyone should do this, just to be ready for the test! It will give you some idea of what’s coming.
Extension Activity- Prove to me that you actually know your stuff and could answer other questions on the content. I have the final say in whether your extension has gone far enough (and I’m going to grade it hard)
Examples for questions 1 and 2

9. Other Notes
If you don’t know if your extension is deep enough, ask me. Shoot me an or come see me in person.
This requires not doing it the night before, because I won’t get back to you
There will be simple math on the test based around percentages and simple algebra. Brush up on that if you don’t feel confident in your math skills