Key to the Future Chapter 1, Lesson 3 Warm-Up Questions CPS Questions 1 - 2 Note for teacher: Use...

Key to the Future

Chapter 1, Lesson 3Chapter 1, Lesson 3

Warm-Up QuestionsWarm-Up Questions

CPS Questions 1 - 2CPS Questions 1 - 2

Note for teacher: Use “Pick a Student” button in CPSNote for teacher: Use “Pick a Student” button in CPS

Key to the Future

$ Shopping issues in daily lifeShopping issues in daily life

$ Renting or leasing an apartmentRenting or leasing an apartment

$ Buying or leasing a carBuying or leasing a car


Key to the Future

You have finally earned enough You have finally earned enough money to purchase your first car. money to purchase your first car. List four things on a separate List four things on a separate sheet of paper that you would sheet of paper that you would consider prior to purchasing a consider prior to purchasing a car, and be prepared to share car, and be prepared to share your list with the rest of the your list with the rest of the class.class.


Photo courtesy of ShutterstockChapter 1, Lesson 3Chapter 1, Lesson 3

Key to the Future

1.1. Separate your wants Separate your wants from your needsfrom your needs

2.2. Do your researchDo your research3.3. Make your purchaseMake your purchase4.4. Maintain your Maintain your

purchasepurchase


Key to the Future

$ Trust your instincts$ Be knowledgeable about web-based auctions$ Be suspicious of prices that are too good$ Read the privacy policy$ Understand return, refund and shipping policies$ Use a secure Internet connection$ Print and save any records of your contact with the

seller

Chapter 1, Lesson 3Chapter 1, Lesson 3Photo courtesy of Shutterstock

Key to the Future

$ Plan your meals and make a listPlan your meals and make a list$ Watch for salesWatch for sales$ Buy store brandsBuy store brands$ Stick to budgetStick to budget$ Don’t shop hungryDon’t shop hungry$ Don’t impulse buyDon’t impulse buy$ Minimize processed foodsMinimize processed foods$ Buy in bulk, if the price is rightBuy in bulk, if the price is right$ Clip couponsClip coupons


Key to the Future

Learning Check QuestionsLearning Check Questions




Key to the Future

$ On the worksheet provided create a On the worksheet provided create a mnemonic for recalling Online Shopping or mnemonic for recalling Online Shopping or Grocery Shopping tips. Grocery Shopping tips.

$ Be prepared to share your answers with the Be prepared to share your answers with the class.class.


Key to the Future

$ Compare prices and Compare prices and qualityquality

$ Use unit pricing when Use unit pricing when comparing products comparing products sizessizes

$ Make sure to look at Make sure to look at expiration dateexpiration date


Key to the Future

$ Excellent source of vitaminsExcellent source of vitamins$ The darker the green or brighter the The darker the green or brighter the

orange, the more the vitaminsorange, the more the vitamins$ Purchase fruits and vegetables in season to Purchase fruits and vegetables in season to

save moneysave money$ Store produce in plastic bags so they won’t Store produce in plastic bags so they won’t

dry outdry out$ Don’t be put off by appearanceDon’t be put off by appearance


Key to the Future

$ BeefBeef$ Best grade of beef and most expensive is primeBest grade of beef and most expensive is prime

$ PorkPork$ Most popular cuts are ribs, roasts, and chopsMost popular cuts are ribs, roasts, and chops

$ LambLamb$ Most popular cuts are leg, chops, rack, and loinMost popular cuts are leg, chops, rack, and loin

$ PoultryPoultry$ Main types of poultry are chicken and turkeyMain types of poultry are chicken and turkey

$ FishFish$ The sale of seafood is not regulated by the US The sale of seafood is not regulated by the US

governmentgovernmentChapter 1, Lesson 3Chapter 1, Lesson 3

Photo courtesy of Shutterstock

Key to the Future

$ Canned and packaged goods have a long shelf life so Canned and packaged goods have a long shelf life so you can stock up during a saleyou can stock up during a sale

$ Some types of milk have more fat than others, check Some types of milk have more fat than others, check the fat content before purchasing the fat content before purchasing

$ Always check the expiration date before buying eggsAlways check the expiration date before buying eggs$ You can buy cheese in several forms, but it will save You can buy cheese in several forms, but it will save

money to buy in blocks and slice or grate it yourselfmoney to buy in blocks and slice or grate it yourself$ Frozen foods are regularly on saleFrozen foods are regularly on sale


Key to the Future

$ Don’t overspendDon’t overspend$ Mix and matchMix and match$ Shop discount storesShop discount stores$ Shop onlineShop online$ Don’t buy latest fashionDon’t buy latest fashion$ Be careful of good salesBe careful of good sales$ Don’t shop just to shopDon’t shop just to shop$ Buy at the end of season Buy at the end of season

Chapter 1, Lesson 3Chapter 1, Lesson 3 Photo courtesy of Shutterstock

Key to the Future





Key to the Future

$ Review weekly sales flyers for local grocery Review weekly sales flyers for local grocery stores.stores.

$ On the worksheet provided determine the On the worksheet provided determine the best location to shop for each item.best location to shop for each item.

$ Be prepared to share your answers with the Be prepared to share your answers with the class.class.


Key to the Future

$ Over the short term, renting an apartment is often Over the short term, renting an apartment is often less expensive than buyingless expensive than buying

$ Renting can be necessary when you don’t have Renting can be necessary when you don’t have money for a down paymentmoney for a down payment

$ Renting is also a good idea when you are unsure Renting is also a good idea when you are unsure about an area about an area

$ Tenant Tenant o A person who rents an apartmentA person who rents an apartment

$ LandlordLandlordo Apartment ownerApartment owner


Key to the Future

$ Explore various neighborhoods where you Explore various neighborhoods where you may want to livemay want to live

$ Determine what size apartment you wantDetermine what size apartment you want$ Determine how much rent you can affordDetermine how much rent you can afford$ Look in the newspaper and online Look in the newspaper and online

advertisements for apartments to rentadvertisements for apartments to rent$ Make sure you are compatible with your Make sure you are compatible with your

roommateroommate


Key to the Future

$ Real Estate AgentReal Estate Agent$ A professional who helps buy, sell, or rent A professional who helps buy, sell, or rent

homes and apartmentshomes and apartments$ LeaseLease

$ An agreement to pay rent and fulfill other An agreement to pay rent and fulfill other obligations for a certain length of timeobligations for a certain length of time

$ Security DepositSecurity Deposit$ A payment to make sure you meet your A payment to make sure you meet your

obligations as a tenantobligations as a tenantChapter 1, Lesson 3Chapter 1, Lesson 3

Key to the Future

$ Don’t rush into anythingDon’t rush into anything$ Ask whether Ask whether utilitiesutilities are included are included$ Monthly rent and utilities should Monthly rent and utilities should

be no more than 30% of your be no more than 30% of your gross incomegross income

$ Most apartments are Most apartments are unfurnishedunfurnished

$ Understand moving costsUnderstand moving costs$ Bring someone with youBring someone with you$ Discuss any safety concernsDiscuss any safety concerns$ Pets may require a pet depositPets may require a pet deposit


Key to the Future


CPS Questions 7 – 8CPS Questions 7 – 8



Key to the Future

$ On the worksheet provided make a On the worksheet provided make a list of criteria for a new apartment.list of criteria for a new apartment.

$ Research apartments using your Research apartments using your criteria using the Internet.criteria using the Internet.

$ Be prepared to share your answers Be prepared to share your answers with the class.with the class.


Key to the Future

$ What kind do you need? What kind do you need? $ How much can you afford? How much can you afford? $ Should you get a new car or a used one?Should you get a new car or a used one?$ If you’ve decided on a used car, what kind of If you’ve decided on a used car, what kind of

condition is it in?condition is it in?$ What kind of insurance will you need?What kind of insurance will you need?$ What kind of resale value will the car have?What kind of resale value will the car have?$ How much will repairs cost?How much will repairs cost?$ What is the financing rate?What is the financing rate?


Key to the Future

Advantages of Leasing Advantages of Leasing $Lower Down PaymentLower Down Payment$Lower Monthly Lower Monthly PaymentPayment$No need to find a No need to find a buyerbuyer

Disadvantages of Disadvantages of Leasing Leasing $No equityNo equity$Extra fees for Extra fees for additional mileageadditional mileage$Additional lease feesAdditional lease fees$Costs more to lease Costs more to lease than buythan buy


Key to the Future


CPS Questions 9 – 10CPS Questions 9 – 10



Key to the Future

$ On the worksheet provided create On the worksheet provided create a comparison chart for buying vs. a comparison chart for buying vs. leasing a car.leasing a car.

$ Be prepared to share your answers Be prepared to share your answers with the class.with the class.


Key to the Future

$ Shopping issues in daily lifeShopping issues in daily life$ Renting or leasing an apartmentRenting or leasing an apartment$ Buying or leasing a carBuying or leasing a car


Key to the Future

Review QuestionsReview Questions




Key to the Future

$ Avoiding the credit trapAvoiding the credit trap

Graphic courtesy of ShutterstockChapter 1, Lesson 3Chapter 1, Lesson 3

Key to the Future Chapter 1, Lesson 3 Warm-Up Questions CPS Questions 1 - 2 Note for teacher: Use...

Documents

Transcript of Key to the Future Chapter 1, Lesson 3 Warm-Up Questions CPS Questions 1 - 2 Note for teacher: Use...