He Flashcards
What is income?
The money that you get from work.💷💷💷
What is a budget?
The amount of money that you have to spend. 💰
List 3 ways to save money.
Buy the cheaper foods, use cooking skills and buy in bulk.
List 3 household expenses.
Tv licence📺
Telephone bill☎️
Electricity bill🔌
What is meant by expenditure?
What you spend your money on.
What is a promotion when it refers to shopping?
An item that a shop is promoting usually by reducing the price e.g. Buy 2 get 1 free OR x% off etc.
What are the advantages of renting?
The monthly repayments can be cheaper than a mortgage
It a shorter term commitment than having a mortgage, you can give notice to say you are leaving more easily than selling your house
You need less money for a deposit for renting
Give disadvantages of renting.
You pay for the property but never end up owning the property.
You can be asked to leave if the owner’s circumstances change.
You can’t decorate or make alterations to the property without the owner’s permission.
You may not be allowed to have pets.
What aspects do people consider when they are considering buying a house?
Location: resale value; proximity to work, shops, schools etc; preferences like city or countryside. ⛪️🏞🏙🚌
Their requirements: number of bedrooms, amount of land, a garage.🛏
Features: modern kitchen, a large playroom, view.🖼
How are houses advertised?
Online e.g. Property websites In newspapers in the property section For Sale signs Estate agent shop windows Word of mouth
What questions are raised when considering ‘ethical shopping’?
How far has the food travelled? (environmental damage caused by emissions) 🛩
Can the packaging be recycled? (will it add to a landfill)♻️
Is organic food better (healthier for consumer and better for animal welfare?)🐄🐖🐑
Did the farmers get a fair price? (E.g. Fair trade goods)🌻
Has an item been tested on animals? (Cruel) 🐇
