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Session 6 Study Guide: Smart Spending

Money, Values & You — A Financial Literacy Course for 6th Graders

Key Topics

TopicDetails
What is unit pricingWhat is unit pricing: cost per ounce, per item, per serving
Why bigger is not always cheapWhy bigger is not always cheaper
How to calculate unit priceHow to calculate unit price
Real-world comparison shoppingReal-world comparison shopping examples
Price is what you pay; value iPrice is what you pay; value is what you get
Why the cheapest option is notWhy the cheapest option is not always the best value
How to evaluate valueHow to evaluate value: durability, usefulness, joy
Making value-based purchasing Making value-based purchasing decisions
What is impulse buyingWhat is impulse buying: unplanned purchases driven by emotion
Common triggersCommon triggers: sales, placement, social pressure, emotions
The 24-hour ruleThe 24-hour rule: wait before you buy
How advertising fuels impulse How advertising fuels impulse buying
What halal consumption meansWhat halal consumption means: earning and spending in permissible ways
Beyond foodBeyond food: halal applies to all spending
Shukr (gratitude)Shukr (gratitude): appreciating what you have
Mindful consumptionMindful consumption: buying with intention and thankfulness

Lesson Summaries

Lesson 1: Unit Pricing and Comparison Shopping

Learn how to compare products by unit price, not just sticker price. Find the real best deal.

Lesson 2: Price vs. Value

Price is what you pay. Value is what you get. Learn to think about both before every purchase.

Lesson 3: Impulse Buying and Advertising

Understand what triggers impulse purchases and develop strategies to resist them.

Lesson 4: Halal Consumption and Shukr

Explore the Islamic concepts of halal (permissible) consumption and Shukr (gratitude) in spending.

Review Questions

  1. What is unit pricing?
  2. Why is unit pricing more useful than sticker price?
  3. How do you calculate unit price?
  4. Is the cheapest unit price always the best choice?
  5. What is the difference between price and value?
  6. Can something expensive be a good value?
  7. How do you evaluate value before buying?
  8. Give an example of a low price but bad value.
  9. What is impulse buying?
  10. What are common impulse buying triggers?
  11. What is the 24-hour rule?
  12. How can you resist impulse buying?
  13. What does halal consumption mean beyond food?
  14. What is Shukr?
  15. How does gratitude affect spending habits?
  16. What does mindful consumption look like in practice?