Please enable JavaScript.
Coggle requires JavaScript to display documents.
5 Managing money in multi-person households, image, (Lowe and Higginson…
5 Managing money in multi-person
households
5.1 Economies of scale in consumption definition
Economies of scale
in consumption definition
the reasons of Economies of scale
in consumption definition
Public good
goods using efficient
Household
equivalence scale definition
concept uses
households to individual comparison standard of living
‘OECD modified equivalence scale’,
Box 3.3 Household equivalence scales
adjust a household’s income
calculate an equivalised household income
example Activity 3.8 Comparing standards of living
the three
purposes of budgeting
5.2 The impact of children on budgeting and
financial planning
the new children in household potential impact
estimating income required for new child
example:Activity 3.9 Children and a household’s standard of living page 143
5.3 Couples and managing money
Box 3.4 Systems of managing household finances
the factor shaping the system
(Lowe and Higginson,2019,p. )
