Applying Life Skills ©2010

Chapter 13: Be a Responsible Consumer

Chapter Summaries

Every purchase involves a choice that is affected by many factors. Consumers have certain responsibilities rights that are protected by law. Good money management means not spending more than you can afford. It also means planning for future spending goals. A budget helps you make the most of your money. Before opening a savings or checking account, compare fees and services of different institutions. Credit allows you to buy now and pay later. However, there are certain costs when you use credit.

Technology includes time-saving, energy-saving, and life-saving devices. Technology positively affects almost all aspects of life. Although it helps people in many ways, technology has some serious disadvantages. Technology is a resource that needs to be managed. People who manage technology well enjoy its benefits and experience fewer of its disadvantages.