Question of the Day

There will be a financial literacy question posted every day of the month. Answer it and share what you "know." It could be the money question.

The question of the day:

Be watchful of the bait and switch this holiday season. What is it and how can you protect yourself?

Posted 12.19.14 | Answer the question | 3 Comments

Answers

  1. Comment by Brennan Haag on 12.19.14 at 8:10 am

    You need to know what your going to buy before you go into the store. You should set a limit of what your going to spend and you shouldn’t go a cent over it. You really need to think if you really need something before you buy it. When your shopping you need to keep in mind that most of the expensive thing they sell at stores you really don’t need. You should also try shopping less. If you are not at the store then you won’t buy anything.

  2. Comment by Garrett Haag on 12.19.14 at 8:11 am

    Bait and switch is when a store has this amazing item on sale to get you in the store but with normally very limited quantity that they run out quickly and once they have you in the store they are expecting you to buy other stuff while your there. You can avoid it by not buying stuff that you did not come to get shopping, make a shopping list before you go and only buy the items on your list that are on sale that you planned on getting or you need at that time.

  3. Comment by Mike Finley on 12.19.14 at 10:01 am

    Well said, gentlemen. Let’s review.

    The bait is the ultra cheap item that seems to good to be true. The switch occurs when you get in the door and you are redirected toward the more expensive items. This game is played every day in America. Protect yourself!