1. 11 Contents Chapter Manage Your Money Section 11.1 Be a Smart Consumer
Section 11.2 Spending and Saving Basics

2. Section 11.1 Be a Smart Consumer
Evaluate advertisements and carefully consider what you want and need from the products you purchase. 2

3. Content Vocabulary Academic Vocabulary consumer advertisement trend
media
service
endorse

4. Teens as Consumers
Teens spend their money on goods (products made for sale) and services.
Teens must recognize and evaluate influences to become a smart consumer.
service
Work performed for others.
consumer
A person who buys goods and services. 4

5. Buying Decisions Influences on buying decisions can include: habits.
advertisements.
endorsements.
friends.
family.
trends.
advertisement
A message that persuades consumers to buy a product or service.
endorse
To approve openly; to recommend.
trend
A temporary fashion or product; a current style or preference.

6. Advertising
The media uses advertising to influence consumers by presenting goods and services in an attractive way.
media
A form of conveyance or expression; communication that advertisers use.

7. Advertising
Advertisements can provide public service information or information on new products.
Some ads try to persuade consumers to buy products based on the image or lifestyle they seem to represent.
Think about an advertisement you saw recently. What image did it convey to try and persuade you to buy the product?

8. Advertising
Evaluate ads and get more information before making purchases.

9. Section 11.2 Spending and Saving Basics
Shopping skills, consumer rights and responsibilities, and money management help you spend and save wisely.

10. Content Vocabulary Academic Vocabulary impulse buying merchandise
comparison shopping
guarantee
shoplifting
income
expenses
budget
credit
merchandise
expire

11. Shopping Skills Recognize good values to help you save money.
Resist impulse buying to avoid wasting money.
You can buy from a variety of stores, or online and from catalogs.
impulse buying
Making a sudden decision to buy something one did not plan to purchase. 11

12. Shopping Skills Describe six different types of stores. Store
Description
Sell clothing, shoes, household items, and electronics. Often offer some services such as gift wrapping.
Department store
Specialty store
Sells only a specific type of merchandise.
Chain store
Store with several locations that sell the same merchandise.
Usually sells only one manufacturer’s products; merchandise may have slight defects.
Factory outlet
Offers a selection of items at low prices; includes membership warehouses and thrift stores.
Discount store

13. Shopping Skills
Research products, read labels, and compare prices before you buy.
Check for guarantees when considering a purchase.
Generic products are often comparable to brand-name products.
guarantee
A manufacturer’s written promise to repair or replace a product if it does not work as claimed. 13

14. Your Consumer Rights and Responsibilities
Consumers have rights to protect them from false advertising and unsafe products.
Consumers need to be courteous and honest when shopping and purchasing. 14

15. Your Consumer Rights and Responsibilities
Shoplifting is a serious crime that affects all consumers and sellers.
When returning a product:
know the store’s policy.
keep receipts.
be ready to process your claim.
shoplifting
Taking items from a store without paying for them. 15

16. Money Management
One key to money management is to remember that your expenses must be less than your income.
expenses
The goods and services on which one spends one’s money.
income
The amount of money one earns or receives regularly.

17. Money Management Examine your goals before you set up a budget.
You can pay for purchases by check, layaway, debit card, and credit card.
Credit cards must be used with care.
budget
The amount of money that is available for or assigned to a particular purpose; a plan for using one’s money.
credit
A method of payment allowing one to buy now and pay later.

18. Chapter Summary Section 11.1 Be a Smart Consumer
Teens spend their money to buy goods and services.
As a consumer, you must decide what to buy, where to buy, and when to buy.
An advertisement is a message that persuades consumers to buy a product or service.
Family, friends, and the media influence your buying decisions.
Before you decide to buy a service or product, analyze the advertising claims and get as much information as possible. 18

19. Spending and Saving Basics
Chapter Summary
Section 11.2
Spending and Saving Basics
Skillful shoppers get the best value for their money.
Today’s consumers have many shopping options.
Consumers have rights and responsibilities.
Be courteous, follow instructions, and get the information you need to be a responsible consumer.
The key to managing your money is to save more than you spend.
Set up a budget that includes a savings plan. 19

20. Review
Do you remember the vocabulary terms from this chapter? Use the following slides to check your knowledge of the definitions.
The slides in this section include both English and Spanish terms and definitions.
Start

21. A person who buys goods and services.
consumer
consumidor
A person who buys goods and services.
Persona que compra bienes y servicios.
Show Definition

22. A message that persuades consumers to buy a product or service.
advertisement
anuncio
A message that persuades consumers to buy a product or service.
Mensaje que persuade a los consumidores a comprar un producto o servicio.
Show Definition

23. A temporary fashion or product; a current style or preference.
trend
tendencia
A temporary fashion or product; a current style or preference.
Una moda o producto pasajero; un estilo o preferencia del momento.
Show Definition

24. medios de comunicación
media
medios de comunicación
A form of conveyance or expression; communication that advertisers use.
Una forma de transmitir o de expresar; comunicación que utilizan quienes trabajan en publicidad.
Show Definition

25. impulse buying compra impulsiva
Making a sudden decision to buy something one did not plan to purchase.
Tomar una decisión repentina de comprar algo que uno no tenía previsto comprar.
Show Definition

26. Evaluating similar items to check quality and price.
comparison shopping
comparar al comprar
Evaluating similar items to check quality and price.
Evaluación de artículos similares para comparar calidad y precio.
Show Definition

27. guarantee
garantía
A manufacturer’s written promise to repair or replace a product if it does not work as claimed.
Promesa escrita del fabricante de un producto de repararlo o reemplazarlo si no funciona.
Show Definition

28. Taking items from a store without paying for them.
shoplifting
hurto en tienda
Taking items from a store without paying for them.
Tomar artículos de una tienda sin pagar por ellos.
Show Definition

29. The amount of money one earns or receives regularly.
income
ingresos
The amount of money one earns or receives regularly.
La cantidad de dinero que uno gana o recibe con regularidad.
Show Definition

30. The goods and services on which one spends one’s money.
expenses
gastos
The goods and services on which one spends one’s money.
Los productos y servicios en los que uno gasta su dinero.
Show Definition

31. budget
presupuesto
The amount of money that is available for or assigned to a particular purpose; a plan for using one’s money.
La cantidad de dinero que está disponible o es asignada a un fin particular; un plan para utilizar el dinero.
Show Definition

32. A method of payment allowing one to buy now and pay later.
credit
crédito
A method of payment allowing one to buy now and pay later.
Un método de pago que permite comprar ahora y pagar después.
Show Definition

33. Work performed for others. Trabajo realizado para otras personas.
service
servicio
Work performed for others.
Trabajo realizado para otras personas.
Show Definition

34. To approve openly; to recommend. Aprobar abiertamente; recomendar.
endorse
apoyar
To approve openly; to recommend.
Aprobar abiertamente; recomendar.
Show Definition

35. Products available to buy. Productos disponibles para comprar.
merchandise
mercancía
Products available to buy.
Productos disponibles para comprar.
Show Definition

36. To come to an end; to conclude. Llegar a su fin; acabar.
expire
expirar
To come to an end; to conclude.
Llegar a su fin; acabar.
Show Definition

37. End of
Chapter 11
Manage Your Money