The sources of money

s1500718
Mind Map by s1500718, updated more than 1 year ago
s1500718
Created by s1500718 about 5 years ago
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This is 'Personal Finance Level 2' Unit 2 mind map

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The sources of money
1 Different type of employment
1.1 Full time
1.1.1 working for all of the working day and week, all year round except for paid holidays
1.2 Shifts
1.2.1 Working the sifts fro example morning shifts
1.3 Part time
1.3.1 a few working hours each day
1.4 Casual work
1.4.1 has no guarantee of work and is called upon to work
1.5 Self-emplayed
1.5.1 Works for themselves
2 Income fro people who are not working
2.1 EMA(Education Maintenance Allowance
2.1.1 Available for students
2.1.2 In full time education
2.1.3 in Scotland, Wales and Northern Ireland.
2.2 JSA (job seekers allowance)
2.2.1 available for and actively seeking work
2.2.2 between 18 years old and State Pension age
2.2.3 working less than 16 hours a week on average
2.3 Income Support
2.3.1 a single (lone) parent
2.3.2 caring for someone who is sick or elderly
2.3.3 pregnant or have recently given birth
2.3.4 can work up to 16 hours a week
2.4 ESA(Employment and Support Allowance)
2.4.1 disabled or unable to work because of illness
2.5 Child Benefit
2.5.1 child is under the age of 16
2.5.2 or over the age 16 and in full-time education
2.6 Basic State Pension
2.6.1 when you reach State Pension age
3 Investment income
3.1 Shares
3.1.1 buy shares in a company
3.1.2 dividend
3.2 bank or building society account
3.2.1 receive interest
3.2.2 investment is for a large amount of money - better rate of interest
3.3 Rent
3.3.1 buy property with their money and rent it out
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