Transcript Wise Shopping Practices

Wise Shopping Practices
Eliminate Impulse Buying
 Impulse Buying is:
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When a consumer purchases an item without
fully considering their spending plan’s
priorities.
I want it, therefore I am buying it!!!!!!!!
Always Pay Cash
 Don’t buy on credit
 More likely you will stick to your
spending plan.
 Won’t buy on impulse and spend
too much money.
Buy at the Right Time
 Certain items are on sale at different times of
year.
Name Brands
 Some think it indicates quality.
 Compare Ingredients
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Many have the same ingredients as store
brands.
High price of convenience
 Go to large stores to purchase common
items.
Purchasing Clothing
 Consider:
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Fiber content
Care
Quality of Stitching
Embellishments
Color
Overall fit
Price
Fiber Content
 Is the fabric durable?
 Is it comfortable to wear?
 After the first wash will it still look new?
 Will the dye hold its’ color?
 How long will the fabric last?
Care
 How does the material need to be cared
for?
 Can it be washed?
 How much care does it need?
 Dry clean only costs extra money
Quality of stitching
 Is any missing?
 Is the stitching straight?
 Is it durable?
 No holes?
Embellishments
 Any special stitching using colored thread,
painting, beads, etc.
 Are they attached well?
Color
 Is it a traditional color or a trendy color?
 Will it match other items you own?
 Does it look good on you?
Be aware of Prices
 Know list prices of common items.
 Watch for:
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Manufacturer’s list price
Suggested retail price
Comparable value
Value $40, you pay only $35
Shop at Several Stores
 Comparative Shopping
 Check quality, price, and guarantees for the
same products at different stores.
Understand Sale Terminology
 Sale means goods are for sale but not
necessarily at reduced prices.
 Clearance may mean the store wants to
clear everything out at the advertised price
but not at a reduced price.
 Liquidation – merchant wants to sell
immediately. Prices may not be reduced.
Avoid impulse buying
 Take a list and buy only what is on the list
 Be careful of displays that demand your
attention.
 Be careful on the Internet when it is easy to
buy.
Plan Your Purchases
 Research
 Read reviews
 Don’t purchase during periods of stress
 Ask questions about warranties and uses
 Check rabates
Compare unit prices
 The cost for one unit of an item sold in
packages of more than one unit.
 To compare the price of a 24 oz. box and a
15oz. Box, divide the total price of each box
by the number of ounces in it.
Which is better?
 24 ounces for $2.59 or 15 ounces for $1.89?
 $2.59/24 ounces= 10.8 cents per ounce
 $1.89/15 ounces = 12.6 cents per ounce
 The 24-ounce is the better buy
Which is better?
 3 for $.89 or 6 for $1.99?
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$.89/3=29.7 cents each
$1.99/6 = 33.2 cents each
 3 for $.89 is the better buy
Read Labels
 Know ingredients and what they mean
 100% cotton wrinkles easily
 Dry clean only can be expensive
Check containers carefully
 Be sure packages have not been opened or
damaged.
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Contracts
 Read the fine print
 Ask questions about things you don’t
understand
 Can have it explained in your first language
 Have three days to change your mind
Keep receipts and warranties
 Attach sales receipt to warranty
 Keep in a place you will remember
Compute Total Cost
 Check the total cost of an item
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Supplementary items (batteries)
Delivery charges
Finance charges
Other add-on costs
Be loyal
 Patronize places that have good reputations
and have served you well in the past.
 Recommend to others
 Ask others for recommendations
Check up on businesses
 Look for valid certifications, licenses,
bonding, endorsements.
 Use Better Business Bureau
 Get Gephart?
Wait a day for major purchases
 Have a cooling off period
 Wait 24 hours
Seeking Redress-Remedy A Problem
 Take the product back to the store where you bought
it.
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Explain specifics and give evidence
Retain warranties
Be firm but not angry
Indicate the type of adjustment you want
 If not satisfied then write a letter to the manufacturer
or distributor.
 If not satisfied then file a complaint with the proper
government agency
 Seek legal recourse as a last resort.