ICFE eNEWS #15-10 - Apr 13th 2015
Spring Into Action with Financial Literacy Month
April is financial literacy month.
by Colleen Tressler
Consumer Education Specialist, FTC
Spring has finally sprung. And whether you're shopping for a new lawn
mower, a bike, or a gift for a new graduate, a little research can save
you a lot of money. Even when you know what you want, it can be
overwhelming to choose among dozens of products, brands, retailers and
websites. To help you make smart buying decisions and save more of what
you earn, here are a few tips from the FTC.
Step one: Think before you shop.
If you decide what's important to you up-front, you're less likely to
make an impulse buy and avoid buyer's remorse.
- Do you want the top-of-the-line product, or a particular brand?
- Are there "must-have" features?
- What's your budget?
compare products online.
Want to learn how to save more green this spring and all year long?
Check out our articles on
shopping and saving.
- Do a quick search and read reviews. Found a good deal, but aren't
familiar with the product or the company selling it? Dig deeper. Search
online for the company or product name, along with terms like "review,"
"complaint" or "scam."
- Use comparison shopping sites. These sites help you find different
retailers that sell the same product. Compare not just the sales price,
but also shipping, handling, and taxes. Some sites also may compare
prices offered at stores in your area.
- Look for price-matching policies. Some merchants will match, or even
beat, a competitor's prices.
- Check the refund and return policies. Can you return an item you
bought online to the company's store at the mall? What about sale items?
Merchants often have different refund and return policies for sale
items, especially clearance merchandise.
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Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)
ICFE - Institute of Consumer Financial Edsucation -