ICFE eNEWS #15-10 - April 13th 2015
Spring into Action with Financial Literacy Month
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.
* Do you want the top-of-the-line product, or a particular
* Are there "must-have" features?
* What's your
If you decide what's important to you up-front,
you're less likely to make an impulse buy and avoid buyer's
compare products online.
- 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.
Want to learn how to save more green this spring and all year
long? Check out our articles on shopping and saving
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Also, visit the ICFE's new Web site: StudentDebtHelp.org
Paul S. Richard
President - Executive Director
Institute of Consumer
Financial Education (ICFE)
About the ICFE:
The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation). The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely.
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.
The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org). CASDRAP disbanded in 2010, shortly after the web site project was completed. In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.
The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.
Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org. Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G, a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.