Planning Your Financial Life (National Academy of Finance)

Chapter Four: Spending Decisions

Parker and Conner have been friends since elementary school. They are both very involved in school activities. Parker is on the high school basketball team and is the senior class president. Conner is on the wrestling team and writes for the school newspaper. They are currently in the same personal finance class and have been learning about being good consumers. Next weekend, Parker and Conner are going shopping at a nearby sporting goods store for new sneakers. They each have a limit of $50 to spend.

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What factors do you think will influence their buying decisions? How can Parker and Conner make sure they spend their money wisely? Before you buy your next pair of shoes, what decisions will you need to make?