Learn these five cool rules and you'll always be a
1. Shop Around
several brands and their features. Don’t pay extra just for a famous
brand name. For items like electronics and television sets, look up
ratings in magazines such as Consumer
Reports. And always compare prices
- don't assume that a "gigantic sale" or an outlet store
offers the lowest price.
2. Ask About the Return Policy, and
ask about the return policy before you buy
something you might need to return. Did you know that stores
aren't necessarily required to give a refund just because you
have a receipt? Read more
about refunds and exchanges.
3. Control the Urge to Splurge
Buying on impulse can be a real wallet-drainer.
Before handing over your money, ask: “Do I really need this?” and "If
I buy this will I have enough money
for other things I want?"
Check out gimmicks stores use to squeeze more
money out of you!
other teens use to control impulse spending.
4. Read the Fine Print
Whenever you see teeny-tiny print at the bottom
of an ad or a contract, read it! It may put limits on the wonderful deal
you think you're getting - like that fabulously cheap cell phone plan
is only good for calls made after 2 a.m., or that it requires committing
to a three-year contract.
Be a Little Skeptical
Make “Let the buyer beware” your motto. If something sounds too good
to be true, look for the catch! Read about Bamboozled
by Advertising? and Scams.