| 2.1.3 Management of household financial resources | The household as a financial unit within the economy
Household income with regard to social factors: - age, sex, social class, and culture
Wages, salaries, pensions, social welfare allowances and benefits as actual or potential sources of household income
Household expenditure:
- patterns of household expenditure relative to varying levels of household income
- essential and discretionary expenditure patterns
Planning of personal and family budgets to ensure effective management of financial resources, including credit
Housing finance: factors determining requirements, sources and conditions attaching, mortgage protection
Methods of payment (cash or credit) for household goods and services, to include: - criteria for selection, availability
A brief outline of the protection provided to the consumer by current legislation, to include: - Hire Purchase Act (1946, 1960)
- Consumer Credit Act (1995)
Methods of saving Insurance, to include: - pay-related social insurance, health insurance, household
insurance, life assurance | Case studies of sample household budgets for families living on varying incomes.
Investigation of different forms of credit available, from newspaper advertisements, brochures, mail order catalogues, credit card promotional material, etc.
Investigation of the different types of home finance available, comparing costs and conditions.
Comparisons of cash prices with cost of different forms of credit.
| 3.1.4 Family functions
2.2.1 Consumer choices
3.1.4 Family functions
1.3.3 Meal management and planning 3.1.7 Family Home Protection Act (1976) |