Family Resource Management

nuala_x
Mind Map by nuala_x, updated more than 1 year ago
nuala_x
Created by nuala_x almost 6 years ago
18
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Description

Leaving Certificate Home Economics Mind Map on Family Resource Management, created by nuala_x on 05/06/2014.

Resource summary

Family Resource Management
1 Componets ofManagement
1.1 Inputs
1.1.1 Demands & Resources
1.1.1.1 Needs wants goals and values
1.1.1.2 Human, Material, Environmental
1.2 throughputs
1.2.1 Planning
1.2.2 Organising
1.2.3 Implementing
1.3 outputs
1.3.1 Results- Consideration
1.3.2 Demmands?, Resources?, changes in values
2 Factors affecting Family Management
2.1 Size and composition of Family
2.2 Stages in the family cycle
2.3 Employment Patterns
2.4 Socioeconomic Status
2.5 Management of Dual Role
2.6 Culture
2.7 Gender Roles
2.8 Values & Standards
3 Household Finaces
3.1 Social factors affecting income
3.1.1 Age
3.1.2 Socioeconomic Status
3.1.3 Gender
3.1.4 Culture
3.2 Sources of Income
3.2.1 Benifits
3.2.1.1 Social Insurance Payments (Contributory)
3.2.1.2 Social Assistance Payments (non- contributory)
3.2.1.3 Universal Payments
3.2.2 Other e.g. Investments
3.2.3 Pensions
3.2.4 Wage
3.3 Pensions
3.3.1 Personal Pension
3.3.2 Occupational Pension
3.3.3 State Pension
3.3.3.1 Contributory
3.3.3.2 Non- Contributory
4 Household Expenditure
4.1 Budgeting
4.1.1 Plan for spending Money
4.1.2 Prevents overspending
4.1.3 Provides security & reduces stress
4.1.4 Encourages saving
4.2 Creating a Budget
4.2.1 List sources of Income
4.2.2 Calc. Yearly Expenditure for each item e.g. health Ins.
4.2.3 Incorporate long/ short term savings
4.2.4 Review regularly
4.3 Essential or Discretionory
4.4 MABS
4.4.1 Free, Confidential, non judgemental
4.4.2 Support/ help draw realistic budgets
5 Payment Methods for goods and services
5.1 Cash
5.2 Cheque
5.3 Debit Card
5.4 Credit Card
5.5 3V (Virtual Value Vouchers)
5.6 Direct debit & Standing order
5.7 Billpay
5.8 24 hour banking by phone
5.9 Credit Transfer/ bank giro
5.10 Online banking
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