Monday, January 12, 2015

Chapter 7

Chapter checklist:


  1. Chapter 7 videos
  2. Journal Entries
  3. Chapter in Review
  4. Chapter worksheet:
    • Double Discounts
    • Watch an episode of American Pickers

11 comments:

  1. Explain why it is not necessary to purchase product replacement warranties.
    It is way over-priced, so you should just use your emergency fund for something like that.

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  2. Why do you think that it is so uncommon for people in our culture to negotiate?
    They are afraid that they will offend someone.

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  3. Explain how you can get a better deal on something using cash rather than credit.
    When you prove that you have the money you will get more attention from sales persons. They can see the cash and they want it, so you hold that power and use it to get a deal.

    ReplyDelete
  4. Explain why silence is powerful when negotiating a deal.
    Silence can be awkward or heavy with meaning and both can make a person nervous enough to start working on a deal.

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  5. Why is bargain shopping an important part of a healthy financial plan?
    When you bargain shop you are saving money that can be spent in a more important area or saved, which will build wealth more quickly.

    ReplyDelete
  6. Have you ever used social media to get a deal on something?
    I watch for consignment clothing shops that are showing up in my area.

    ReplyDelete
  7. My best deal was trading in an older console for an upgrade one without having to pay a cent.

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  8. I think our culture has deemed the retail price as the set price and there is no way around it. People has just accepted that and it makes bargains very rare.

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  9. You can get better deals with cash because it has power, cash mean now and there are no worries about checks bouncing or cards being denied. USE CASH!

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  10. Being silence is a good technique because the awkwardness might force the salesman to keep giving you good deals.

    ReplyDelete
  11. you can get good deals when you ask for a bargain, shop around and see who'll give you the best discount. It's a great way to save some extra cash and also get the product.

    ReplyDelete