Role of money Flashcards
1
Q
Personal attitudes
A
attitudes to spending/ saving, risks/ rewards
2
Q
Life stages
A
the stage of your life determines the role of money, when young likely to have more debt than when you are older
3
Q
Culture
A
Some cultures strictly dont take out loans, mortgages etc
4
Q
Life events
A
marriage, university, family
5
Q
External influences
A
getting made redundant
6
Q
interest rates
A
percentage of money paid back on a loan/ get rewarded
