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unit 2 topic 6 - Coggle Diagram
unit 2 topic 6
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borrowing only
their income
this determines the amount they are able to repay over a given period and it also determines the amount a provider is willing to lend them
their other expediture, especially the mandatory and necessary
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regular short term plans
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if someone overspend in the short term, then they have no savings to put by to finance the meduim term want or aspiration
medium term plan
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long term plans
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personal pension plan, they must make sure they have enough money each month to meet the instalment