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Description
Flashcards by cecilia valente, updated more than 1 year ago
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Created by cecilia valente
over 4 years ago
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| Question | Answer |
| Rhiannon FINANCIAL SITUATION * Her income (the money she earns) depends on how well her business does. At the moment, she earns £200 a week * She owns her business * She spends £150 for rent and expenses * She has no debt * She has no savings and no pension * she lives with her husband, Dr Zana and their child, Zaid | LIKES AND DISLIKES *She likes going to the swimming pool twice a week (it costs £2 each time) *She goes to the cinema every Sunday (it costs £8) and buys pop-corn (it costs £2) * She has lent a friend £50 Should she save? Is she a long or a short-term saver? What saving product would suit her? Instant, Notice, Fixed Rate Saving Account? |
| Dr Zana FINANCIAL SITUATION * He is a scientist and earns £2000 a month * His job is safe * He owns his flat with his wife, Rhiannon. * It costs him £500 to keep his house nice and tidy * His bills amount to £300 a month * He saves £250 a month for emergencies | * He likes to go out and have fun and spends £50 every weekend * He has no debts * He is thinking about a long bike tour this summer. It costs between £1,000 and £1,500 * How would you describe Dr Zana's financial (money) situation? * Is he a long or a short-term saver or both? * What saving product would suit him? Instant, Notice, Fixed Rate Saving Account? |
| Alfonsa van der Boom FINANCIAL SITUATION * She earns £150 a week. This job is reviewed every year * She rents a room at Dave, Imogen and Chou Chou's for £100 a week * Food and other expenses cost her £30 a week * She also earns £50 per session as a personal trainer * This month she has sold five personal training sessions * A friend of Dave's is thinking about buying three personal training sessions | LIKES AND DISLIKES * She wants to buy a birthday present for Imogen (it costs £10) * She needs a pair of new trainers (it costs £30) * She really, really, really wants to go to on a biking holiday with Dr Zana and Rhiannon. It costs about £1,000 Can Alfonsa have all the things she wants? What is her priority? What does she really have to buy? Could she save? How? Is she a long or a short time saver? What saving product suits her? |
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