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Unit Two: The Personal Life Cycle

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A-Level Financial Studies Mind Map on Unit Two: The Personal Life Cycle, created by aaronrimmer96 on 01/10/2014.
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Mind Map by aaronrimmer96, updated more than 1 year ago
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Created by aaronrimmer96 about 12 years ago
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Unit Two: The Personal Life Cycle
  1. Birth and Infanthood
    1. 0-2 Years Old
      1. Incomes
        1. Child Trust Fund
          1. Parents
            1. Birthday Money
            2. Expenditure
              1. Family pay for everything needed
            3. Childhood (Preschool)
              1. 2-5 Years Old
                1. Incomes
                  1. Parents
                    1. Pocket Money
                      1. Birthday Money
                      2. Expenditure
                        1. Family pay for everything needed
                      3. Childhood (School)
                        1. 5-12 Years Old
                          1. Incomes
                            1. Parents
                              1. Pocket Money
                                1. Birthday Money
                                2. Expenditure
                                  1. Toys
                                    1. Sweets
                                      1. Games
                                    2. Teenager
                                      1. 13-19 Years Old
                                        1. Incomes
                                          1. Pocket Money
                                            1. Wages
                                              1. Birthday Money
                                              2. Expenditure
                                                1. Clothes
                                                  1. Alcohol
                                                    1. Rent
                                                      1. Tax
                                                        1. Driving Lessons
                                                      2. Young Adult
                                                        1. 18-25 Years Old
                                                          1. Incomes
                                                            1. Student Loans
                                                              1. Wages
                                                                1. Salary
                                                                  1. Family
                                                                    1. Trust Funds
                                                                    2. Expenditure
                                                                      1. Tax
                                                                        1. Rent
                                                                          1. Bills
                                                                            1. Insurance
                                                                              1. Living Costs
                                                                                1. Social Life
                                                                              2. Mature Adult
                                                                                1. 26-40 Years Old
                                                                                  1. Incomes
                                                                                    1. Salary
                                                                                      1. Government
                                                                                        1. Child Benefits
                                                                                        2. Expenditure
                                                                                          1. Tax
                                                                                            1. Rent/Mortgage
                                                                                              1. Living Costs
                                                                                                1. Bills
                                                                                                  1. Insurance
                                                                                                    1. Savings
                                                                                                  2. Middle Age
                                                                                                    1. 41-54 Years Old
                                                                                                      1. Incomes
                                                                                                        1. Salary
                                                                                                          1. Government
                                                                                                            1. Private Pension
                                                                                                            2. Expenditure
                                                                                                              1. Tax
                                                                                                                1. Rent/Mortgage
                                                                                                                  1. Bills
                                                                                                                    1. Living Costs
                                                                                                                      1. Family
                                                                                                                        1. Insurance
                                                                                                                      2. Late Middle Age
                                                                                                                        1. 55-65 Years Old
                                                                                                                          1. Incomes
                                                                                                                            1. Pension
                                                                                                                              1. Salary
                                                                                                                                1. Savings
                                                                                                                                2. Expenditure
                                                                                                                                  1. Bills
                                                                                                                                    1. Tax
                                                                                                                                      1. Living Costs
                                                                                                                                        1. Family
                                                                                                                                          1. Rent/Mortgage
                                                                                                                                        2. Old Age
                                                                                                                                          1. 65+ Years Old
                                                                                                                                            1. Incomes
                                                                                                                                              1. Pensions
                                                                                                                                                1. Savings
                                                                                                                                                2. Expenditure
                                                                                                                                                  1. Family
                                                                                                                                                    1. Holidays
                                                                                                                                                  2. Life Events
                                                                                                                                                    1. Location can have a massive impact on a person's life events and their levels of income/expenditure
                                                                                                                                                      1. Marriage
                                                                                                                                                        1. Starting a Family
                                                                                                                                                          1. Moving House
                                                                                                                                                            1. University
                                                                                                                                                              1. New Job
                                                                                                                                                                1. Retirement
                                                                                                                                                                  1. Death
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