Managing Personal Finance


SKU: SFEAM8 Category:


Managing Personal Finance

Explore sources of income, how money can be received and payments can be made, and examples of expenditure, as well as methods of recording income and expenditure and problems which may occur if expenditure is greater than income.

Also learn about ways of reducing expenditure, products offered by banks and building societies and advantages and disadvantages of different types of accounts, and advantages, disadvantages and costs of borrowing.

Section 1: Understand sources of income and expenditure

Section 2: Understand the need to balance income and expenditure

Section 3: Understand how to reduce expenditure

Section 4: Understand some of the products provided by banks and building societies

Section 5: Understand the advantages and disadvantages of borrowing money