The Interior — Family and Consumer Sciences

Money and Choices

A price tells you what you hand over. It does not tell you what you are getting — and the number that does is printed small in the corner of almost every shelf label in the country. Twenty-four cards, a quiz in three tiers and four workshop activities cover price per unit, needs against wants, saving towards one thing, and the moment the cheaper-per-unit rule stops being the right answer.

← Family and Consumer Sciences, all five bands

Start Here

Start here

The bigger price is not always the bigger cost

Two boxes of the same cereal. The small one is $3. The big one is $5. Most people look at those two numbers and say the small one is cheaper.

Two things people get wrong

People often think…

The cheaper price is the better deal.

People often think…

So anybody buying the small box is just being careless with money.

Compare two things properly

Watch one

Six rolls of kitchen towel for $6, or ten rolls for $9. Which is cheaper per roll?

  1. Do not compare $6 and $9. Those are different amounts of towel.
  2. Divide each price by how many rolls: 6 ÷ 6, and 9 ÷ 10.
  3. That gives $1.00 a roll, and $0.90 a roll.
  4. The ten-pack is cheaper per roll, even though it costs more at the till.
  5. Ten rolls for $9. ✓ And the second question is always: do I have the $9 today, and where would I put it?
One sentence, then you move on

Why is a price on its own only half an answer?

Last one — then you’re done here

Think of something you wanted a lot and then did not want a month later. What do you think changed?

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