Code: 1.3.2 · Children and youth
Understands that once one spends money to purchase a good/service, it is no longer available to spend on something else
Aware that some products/services are bundled
Realises that companies that offer something for 'free' ultimately obtain income through other means
Differentiates between needs and wants before planning a purchase
Resists temptation to spend impulsively
Checks that change and receipts are correct, and is confident to speak up if this is not the case
Considers recycling or re-using existing goods before considering a new purchase
Considers that the use of some products/services entails additional costs (e.g. maintenance or usage costs)
Lists and prioritises spending preferences
Compares the pros and cons of buying from different shops and channels (including online shopping on safe websites)
Uses reliable online comparison tools, when available, that compare price, quality, terms and conditions of goods and services
Considers both short and long-term factors when making spending decisions (income constraints, family needs, contingencies, environmental, social, ethical considerations)
Seeks to learn more about the origin, production conditions, environmental and social impacts of a good or service, as well as the governance performance of the company offering it
Takes into account how inflation can impact the cost of goods and services, and purchasing power
Confident to refuse offers of products/services that are not needed, not wanted or unsatisfactory (e.g., intrusive pop-ups or online ads, influencers, social pressure, etc.)
Motivated to act in a fair and honest manner when considering a purchase and avoid contributing to informal economic activities e.g. avoids counterfeit products, asks for a bill/receipt when making a purchase