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HH Budget
| Question | Answer |
|---|---|
| Regular | Income recieved regularly e.g.Wages,child benafit. |
| Irregular | Income recieved now and then e.g. overtime, lotto win. |
| Fixed | Payment that dont change e.g. T.V licence |
| Irregular | Payments that change e.g. bill |
| Discretionary | Payment made after important thing are bought. |
| Impulse Buying | purchasas made on spur of the moment,without planning. |
| Opportunity cost | The opportunity cost of buying something is the item we had to do without or the opportunity we had to forego. |