1. Desiree Sartin Personal Finance Develop basic consumer-awareness skills. (A, B, CP, EP, IT, MK)

2. Objectives 1. Develop basic consumer-awareness skills. (A, B, CP, EP, IT, MK) a. Identify steps in a purchase decision while developing comparison-shopping skills. b. Identify consumer protection and assistance agencies. c. Analyze the impact and implications of consumer privacy. d. Examine the impact of advertising and marketing on consumer decision-making.

3. Study…Test Today!!! Bellwork & Daily Activities 1. Timed writing with a goal of 50 words per minute: www.freetypinggame.net 2. Daily writing prompt: www.theteacherscorner.net 3. Type it! Current Events Worksheet from http://sartinkids.wikispaces.com 4. http://coursecasts.course.com/ 5. Enrichment Activities: www.freerice.com; www.channelone.com www.freerice.com www.channelone.com

4. What I think you taught…  Write 1 page reflection and/or list about what you think I taught about consumer awareness. And what you know about being a consumer… Turn it in before you leave.

5. http://www.genirevolution.org/ Class code: f13c3c

6. Reading the label…  What general information is given about potatoes and potato chips?  How large is one serving size?  How many calories are contained in ten servings?  How much cholesterol is contained in an ounce of potato chips?  What percentage of the following are provided? Protein Thiamine Calcium Vitamin B  List the ingredients.  List the name of the producer

7. 1. What are the differences between buying goods and buying services? 2. What sources of information have you found most helpful when buying goods and services? Explain. 3. Is it a good idea to purchase a service contract for a newly purchased product? Explain. 4. What types of advertising messages get your attention? Explain. Discuss. 5. How have you been influenced by advertisements or promotions to buy goods and services you didn’t really want? 6. If you wanted to buy athletic shoes, which type of store would you choose? Explain. 7. How do consumer protection agencies help protect your consumer right? 8. Why does the government have consumer protection agencies?

8. Consumer Awareness Competency #1 Managing Your Personal Finances Chapters 28 - 30  Chapters 28 – 30; Read all chapters & summaries  Page 701 Vocabulary terms; 2 – 14 even only  Page 702 Facts & Ideas in Review #1  Page 722: Write a sentence using 5 of the Vocabulary terms  Page 722 – 723 Facts & Ideas #2 & 12 a) Purchase decisions (28) b) Consumer protection/assistance agencies (29 & 30) c) Consumer privacy (29) d) How marketing and advertising impacts purchases (28) Consumer Rights & Responsibilities (pg 698) What can you do as a consumer to protect yourself? 1. Read warranties and guarantees 2. Read care instructions 3. Analyze advertisements 4. Insist on enforcement of consumer protection 5. Inform consumer protection agencies 6. Report want, likes, and dislikes to dealers and manufacturers 7. Find sources of information on products 8. Suggest, support, and be aware of consumer legislation  Bring in newspaper/magazine advertisements (due Wednesday)

9. Purchase Decisions  $0.89  $3.69  Which is the better value? Why do we make the purchases we make? Which would you buy if you went in the store and why? (money is not an issue) $$$$$

10. Purchase Decisions: Jeans You have been given $50.00 for new clothes. You see in the newspaper that jeans are on sale for $19.49 per pair at the local department store. *Answer in Microsoft Word. 1. Do you have enough money to buy 2 pair of jeans? 2. Estimated Price? 3. Exact price including 7% sales tax? 4. Find a pair of nice jeans that you would wear; paste the picture in word on the same document with your candy, cite the website, and find the price of the jeans. (Hint: look on a store website.)

11. E-mail Assignment 1. Go to www.mccomb.k12.ms.uswww.mccomb.k12.ms.us 2. Click on District Links 3. Choose District e-mail 4. Login using your network username/password 5. Choose New 6. Send an e-mail to sartind@mccomb.k12.ms.us sartind@mccomb.k12.ms.us 7. Attach your About Me, Candy Assignment, & Jean Assignment to me!

12. Electronics Sale Price after discount… ItemRegular Price Discount rate Sale price MP3 Player49.9930%35.00 19” Flat Screen TV 139.9920% DVD Player79.9933% Digital Camera159.9945% Solve. A stereo regularly sells for $229.00. The regular discount is 10%. During a sale, it is reduced an additional 25%. What is the final price?

13. Personal Finance: Electronics Discounts Mp3 $ 49.9930% $ 15.00 $ 34.99 Flat screen $ 139.9920% $ 28.00 $ 111.99 DVD $ 79.9933% $ 26.40 $ 53.59 Camera $ 159.9945% $ 72.00 $ 87.99 $ 229.0035% $ 80.15 $ 148.85 $ 229.0010% $ 22.90 $ 206.10 25% $ 51.53 $ 154.58

14. Purchase Decisions: Stereo System  You have been saving for a new stereo system. The system you want regularly sells for $329.99, but is now on sale for 20%off.  The amount that an item on sale has been reduced is called the markdown, or discount. When this amount is expressed as a percent, it is called the discount rate.  How much will the stereo cost on sale? Discount rate: 20% or 0.2 Discount rate * regular price = discount Regular Price – Discount = sale price Multiply to find the discount. Subtract to find the sale price.

15. Purchase decisions  Using two local sales paper online (For example, the Walmart weekly store ad and the Target weekly store ad), compare two of the same items (must have unit measurements) to determine the best value.Walmart weekly store adTarget weekly store ad  For example, at Walmart the Yoplait light fridge pack, 8 count, 6 oz. each, $4 versus Activia, 4 count, 6 oz. each, $2. Which is the better value?  Defend Your Answer!

16. Customer Complaint Form/Letter  Write a 3-paragraph complaint letter for an unsatisfactory product or service; or create a complaint form using a table; fill it out; include logo.  A complaint letter should include a clear and complete explanation of a consumer’s problem.

17. *Advertisements & Coupons!  Select three advertisements, one from each of the following: a magazine, a newspaper, and a television commercial. Evaluate each. How much useful information does each contain? Is any information misleading? How does each make you feel about buying the product? Share your findings with the class.

18. Let’s go shopping!!! 1. Select a product you wish to buy. Paste a picture in Microsoft Word. 2. Make a list of the features you want the product to have and set a price limit for the item. 3. Check brand names, quality, and prices at three stores. 4. How did quality and prices differ from one store to another? 5. How did they differ from brand to brand? 6. Create a table in Microsoft Word to compare and contrast product features.

19. Group Work! ;) -_-  Ask three or four of your classmates to help you write an original script for a television commercial for a popular product.  Include examples of both honest and misleading advertising techniques.  Act out and record the commercial on video, PowerPoint, or mp3.  Present to class, have them identify the good and poor strategies you used.  Discuss the importance of ethics in advertising.

20. Critical Thinking 1. What are the differences between buying goods and buying services? 2. What sources of information have you found most helpful when buying goods and services? Explain. 3. Is it a good idea to purchase a service contract for a newly purchased product? Explain. 4. What types of advertising messages get your attention? Explain. Discuss. 5. How have you been influenced by advertisements or promotions to buy goods and services you didn’t really want? 6. If you wanted to buy athletic shoes, which type of store would you choose? Explain. 7. How do consumer protection agencies help protect your consumer right? 8. Why does the government have consumer protection agencies? 1. Have you ever purchased anything by mail or from the internet? What was your experience? 2. Of all the factors that determine where people shop, what is most important to you? Explain. 3. Why is a shopping list so important? Have you ever made a wrong purchase because you forgot your list? Explain. 4. What factors should you consider when comparison shopping? 5. Do consumers exercise their responsibilities to the same degree they exercise their right? Explain. 6. Who should you contact first when you have a complaint about a product? 7. What should be done if a complaint about a product or service can’t be settled with the local business that provided it? Did you ever buy an unsatisfactory product? What was done to solve your problem? Source: Chapter 24: Managing Spending “From School To Work”

21. Enrichment: Reading Labels  Provide a label from a garment containing wool. Include the fabric content and the care instructions.  Find a label for a garment that is supposed to be dry-cleaned only. From your example, note what fabric(s) are dry-cleaned and compare your findings with a permanent press fabric.  Obtain a label from a child’s sleepwear garment. Include the fabric contents, chemicals added, and care instructions. Also, tell how the label is attached to the clothing.  Find a label from a garment that is at least two years old. Tell where the label is attached. Notice if the label is still readable.  Read the label on a prescription bottle. Include the information contained on the label, such as warnings, precautions, or directions for use of the medicine. Also, note additional information supplied, such as a leaflet, with the prescription.

22. Enrichment Activity  http://www.consumer.org.nz/reports/con sumer-rights-quiz/take-the-quiz http://www.consumer.org.nz/reports/con sumer-rights-quiz/take-the-quiz