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7819423
Household Expenditure
Description
Junior Certificate Business Studies Mind Map on Household Expenditure, created by Time for Business by Edco on 23/02/2017.
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business studies
junior certificate
Mind Map by
Time for Business by Edco
, updated more than 1 year ago
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Created by
Time for Business sample
over 8 years ago
Copied by
Time for Business by Edco
over 7 years ago
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Resource summary
Household Expenditure
What is expenditure?
How people choose to spend their income
Types of expenditures
Fixed
Mortgage
Rent
Car tax
TV licence
Insurance
Irregular
Groceries
Utility bills
Education
Clothing
Fuel
Repairs
Discretionary
Entertainment
Holidays
Gifts
Current vs Capital expenditure
Current
Continuous/regular
Bills
Education
Travel
Capital
Once-off/less regular
Furniture
Car
Electronic goods
Effective spending guidelines
Prioritise expenditure
Avoid impulse buying
Beware of false economies
Consider opportunity cost
Check bills
Dealing with overspending
Cut back on spending
Spread payments over time
Postpone spending
Use savings
Earn extra income
Borrow money
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