Money Management Inquiry

Money Management

• Identify what you already know about financial management. Consider money, credit, financial institutions, loans.
• Summarise the services carried out by financial institutions in your area.
• Write why creating sufficient income to live on is a problem for certain groups of people.
• Why is maintaining a regular income important to many people?
• What are some of the differences between the spending patterns of various age groups?
• What value is there in saving a set percentage of income on a regular basis?
• Keep a record of your spending for two weeks. Record the amount you would like to save.
• Predict what adjustments you would make if your family income was suddenly halved.
• Illustrate some effects of access to credit.
• You will often see advertisements for "interest free" periods. Why is this done and what do you need to be wary of?
• Determine the influence of credit cards on our everyday lives. Consider any "bonuses" offered.
• Compare and contrast different types of credit cards. Consider costs to join, rates, interest free periods.
• Describe the purpose and any difficulties that may surround a credit card application.
• Loan applications require that you give much personal information. Is this justified? Why?
• "Credit is an unnecessary evil". Do you agree or disagree with this statement ? Give many reasons for your choice.
• Conduct a survey on why credit cards are used. Show your results in tables and graphs.
• Design a simple brochure informing members of the public the pros and cons of credit cards.
• Create a storyboard for a commercial advertising the value of saving regularly.