(A4) Managing Personal Finance Flashcards
What is an overdraft?
A short tetm loan
Advantages of an overdraft
Disadvantages of an overdraft
pl
Car Finance
Hire Purchase
Advantages of hire purchase
Disadvantages of hire purchase
other one
Advantages of a hire purchase
Advantages of a hire purchase
What is a mortgage?
Advantages of a mortgage
Disadvantages of a mortgage
Advantage of a credit card when borrowing
Disadvantage of a credit card when borrowing
What is a payday loan?
Advantage of a payday loan
Disadvantage of a payday loan
What is a Individual Saving Account (ISA)?
Types of ISA
What is a cash ISA?
Advantage of a cash ISA
Disadvantage of a cash ISA
What are stocks and shares ISAs?
Advantage of stocks and share ISAs
Disadvantage of stocks and share ISAs
What are deposit accounts?
What type of interest does a savings account make you pay?
What are premium bonds?
What are bonds and gilts?
What are pensions?
Long term savings schemes to help people save for retirement
What is insurance?
A service that protects and individual or organizations against financial loss
insurance?
