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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. |