Learning Objective What Is a Buying Plan?
Key Terms What Is a Buying Plan?
How to Be a Responsible Shopper
Financial Responsibility
When you are financially responsible,
Financial Irresponsibility
What Is a Buying Plan?
Creating a Buying Plan
Step 1: Define Your Spending Goal
Choose the Item to Buy
Step 3: Define Criteria
If you only need the item for a short period of time, you may also con- sider renting the item instead of buying it.
Set a Timeline
List the criteria that you would consider acceptable before you shop for a computer.
Step 5: Set a Spending Limit
FIGURE 2.4.2 A Buying Plan for a Tablet and Pen Tablet
Implementing a Buying Plan
a specific activity, such as buying new clothing for graduation
Payment Methods
Each payment method offers benefits:
How can you develop your ability to be financially responsible when making buying decisions?
Making the Purchase
Evaluating the Purchase
After making a purchase, ask yourself the following questions:
What was the last purchase you made online? Were you satisfied with it?
عنوان جديد 28
Which of the following is a benefit of a buying plan?
An opportunity cost is the option or benefit given up.
Which of the following is NOT usually a goal of a financially responsible person?
Which option is NOT related to evaluating a purchase?
It is a good idea to define criteria for your purchase.
An item should be selected to satisfy wants and needs.
Are there ways I could have done a better job in selecting or buying?
