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Management of Household Financial Resources (Social factors affecting…
Management of Household Financial Resources
Role of the family as a financial unit in the economy
Pay mortgage
Draw social welfare
Buy good and services
Save and budget
Pay state taxes
Social factors affecting income
Gender
Socio-economic status
Age
Culture
Gross income
Net income
Compulsory deductions
Voluntary deductions
income
Pension
Interest on savings
Social welfare
Farm subsidies
Social Welfare
Social assistance payments
FIS
Jobseeker's Allowance
Non-contributory pension
Non-contributory old-age pension
Contributory Benefits
Widow's pension
Maternity benefit
Contributory old age pension
Jobseeker's benefit
Household expenses
Essential spending
Clothes
Mortgage
Food
Discretionary
Entertainment.
Factors that contribute to different patterns of H/H expenses
Family size
Socio-economic status
Beliefs
Location
How to reduce expenses
Bills
Clothing
Food
Holidays