Return to Student Page

Step 6 Purchasing and Financing a Luxury Item

Name______________

You are going to do some on-line shopping for a non-essential or luxury item for your house or apartment. You will be shopping for something that you will have to finance to be able to purchase--an entertainment center, large-screen TV, computer, etc.

 

1.       Print out a copy of this worksheet to fill out as you go through the assignment.  Use your data to fill in Step 7 “Cost of Financing a Luxury Item.”

2.     Now click on the Yahoo Shopping link to access the site: http://shopping.yahoo.com/ 

3.       Click on the category that would contain an item you are interested in purchasing. (record the category ) Category____________________________

  1. Click on the exact product your are looking for (record the product ) Product_____________________________
  2. Click on one of the Brand Names for your product (list the brand)  Brand #1______________________

6.       Click on the Exact Model.  List the Model #1__________________________

7.       Look through the Product Description and write down the features that are most important to you in this product. 
Features of Model #1_________________________________________________________________
Example: Computers, Digital Camera, Kodak, Kodak DVC3223, Zoom, 1928X1684 Resolution, Tech Support, 2-year Warranty, $399.00

8.       Click on Compare Prices    Lowest Price for Model #1________________________

Now go back and shop for a different Brand of the same product with similar features.

  1. Click on one of the Brand Names for your product    Brand #2__________________________
  2. Click on the Exact Model   Model #2__________________________

11.   Features of Model #2_________________________________________________________________

  1. Click on Compare Prices   Lowest Price for Model #2________________________

Now go back and shop for a third time (just change brands again)

  1. Click on one of the Brand Names for your product   Brand #3__________________________
  2. Click on the Exact Model   Model #3__________________________

15.   Features of Model #3_________________________________________________________________

  1. Click on Compare Prices   Lowest Price for Model #3________________________
  2. Compare the data you have gathered above.  Which item will you purchase?______________________ Why?___________________________________________________________________________________