Copy and Edit

Household Expenditure

Description

Mind Map on Household Expenditure, created by Time for Business sample on 18/02/2016.
Time for Business sample
Mind Map by Time for Business sample, updated more than 1 year ago
Time for Business sample
Created by Time for Business sample about 8 years ago
23
0
0

Resource summary

Household Expenditure
  1. What is expenditure?
    1. How people choose to spend their income
    2. Types of expenditures
      1. Fixed
        1. Mortgage
          1. Rent
            1. Car tax
              1. TV licence
                1. Insurance
                2. Irregular
                  1. Groceries
                    1. Utility bills
                      1. Education
                        1. Clothing
                          1. Fuel
                            1. Repairs
                            2. Discretionary
                              1. Entertainment
                                1. Holidays
                                  1. Gifts
                                2. Current vs Capital expenditure
                                  1. Current
                                    1. Continuous/regular
                                      1. Bills
                                        1. Education
                                          1. Travel
                                          2. Capital
                                            1. Once-off/less regular
                                              1. Furniture
                                                1. Car
                                                  1. Electronic goods
                                                2. Effective spending guidelines
                                                  1. Prioritise expenditure
                                                    1. Avoid impulse buying
                                                      1. Beware of false economies
                                                        1. Consider opportunity cost
                                                          1. Check bills
                                                          2. Dealing with overspending
                                                            1. Cut back on spending
                                                              1. Spread payments over time
                                                                1. Postpone spending
                                                                  1. Use savings
                                                                    1. Earn extra income
                                                                      1. Borrow money
                                                                      Show full summary Hide full summary

                                                                      Want to create your own Mind Maps for free with GoConqr? Learn more.

                                                                      Similar

                                                                      KEE1
                                                                      harrym
                                                                      Ratios Quiz
                                                                      rory.examtime
                                                                      Chemistry 3 Extracting Metals Core GCSE
                                                                      Chloe Roberts
                                                                      GCSE Revision: Christianity
                                                                      Andrea Leyden
                                                                      GCSE AQA Biology 2 DNA & Cell Division
                                                                      Lilac Potato
                                                                      Camera Angles
                                                                      saradevine97
                                                                      GCSE Maths: Geometry & Measures
                                                                      Andrea Leyden
                                                                      Conferences of the Cold War
                                                                      Alina A
                                                                      GCSE - Introduction to Economics
                                                                      James Dodd
                                                                      Repaso Revalida PR 2016
                                                                      Rodrigo Lopez
                                                                      Muscles- Physiology MCQs PMU- 2nd Year
                                                                      Med Student
                                                                      Browse Library