Unit Two: The Personal Life Cycle

Birth and Infanthood
1. 0-2 Years Old
2. Incomes
  1. Child Trust Fund
  2. Parents
  3. Birthday Money
3. Expenditure
  1. Family pay for everything needed
Childhood (Preschool)
1. 2-5 Years Old
2. Incomes
  1. Parents
  2. Pocket Money
  3. Birthday Money
3. Expenditure
  1. Family pay for everything needed
Childhood (School)
1. 5-12 Years Old
2. Incomes
  1. Parents
  2. Pocket Money
  3. Birthday Money
3. Expenditure
  1. Toys
  2. Sweets
  3. Games
Teenager
1. 13-19 Years Old
2. Incomes
  1. Pocket Money
  2. Wages
  3. Birthday Money
3. Expenditure
  1. Clothes
  2. Alcohol
  3. Rent
  4. Tax
  5. Driving Lessons
Young Adult
1. 18-25 Years Old
2. Incomes
  1. Student Loans
  2. Wages
  3. Salary
  4. Family
  5. Trust Funds
3. Expenditure
  1. Tax
  2. Rent
  3. Bills
  4. Insurance
  5. Living Costs
  6. Social Life
Mature Adult
1. 26-40 Years Old
2. Incomes
  1. Salary
  2. Government
  3. Child Benefits
3. Expenditure
  1. Tax
  2. Rent/Mortgage
  3. Living Costs
  4. Bills
  5. Insurance
  6. Savings
Middle Age
1. 41-54 Years Old
2. Incomes
  1. Salary
  2. Government
  3. Private Pension
3. Expenditure
  1. Tax
  2. Rent/Mortgage
  3. Bills
  4. Living Costs
  5. Family
  6. Insurance
Late Middle Age
1. 55-65 Years Old
2. Incomes
  1. Pension
  2. Salary
  3. Savings
3. Expenditure
  1. Bills
  2. Tax
  3. Living Costs
  4. Family
  5. Rent/Mortgage
Old Age
1. 65+ Years Old
2. Incomes
  1. Pensions
  2. Savings
3. Expenditure
  1. Family
  2. Holidays
Life Events
1. Location can have a massive impact on a person's life events and their levels of income/expenditure
2. Marriage
3. Starting a Family
4. Moving House
5. University
6. New Job
7. Retirement
8. Death

Next up

Unit Two: The Personal Life Cycle

Description

Resource summary

Similar

	Created by aaronrimmer96 over 10 years ago