CeFs - Unit 1 Topic 9
- Created by: xxsm
- Created on: 16-03-14 17:49
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Clues
- A plan of expected incomings and outgoings over several time periods such as three months. (4, 4, 8)
- A situation in which outgoings exceed income. (6, 7)
- A sum of money available once all essential expenditure in a given period such as a month has been made. (6, 7)
- Bank or building society accounts where people can store their money in the form of electronic balances and withdraw it to make payments. (7, 7)
- Earning an income by selling your goods or services directly to a consumer, rather than being employed by someone else and being paid a salary. (4, 10)
- Money paid into financial products; the aim is that the value of the product will grow over time so the person will eventually receive back more money than paid in. This is a way of saving money over the medium or long term. (11)
- One of the ways the government measures inflation. It is calculated by checking the price of representative sample of goods on a monthly basis but unlike CPI, it also takes into account mortgage repayments and other costs associated with ownership. (6, 6, 5, 3)
- Spending on items required to live e.g. rent or mortgage repayments, food and drink, water supplier, gas and electricity. (9, 11)
- Things or experiences that people would like to have in the future, for example owning a home instead of renting, having a luxury holiday or buying a sports car. (11)
- Total income minus total expenditure: a person's financial situation. (6, 7)
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