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834555
Family Resource Management
Description
Leaving Certificate Home Economics Mind Map on Family Resource Management, created by nuala_x on 06/05/2014.
No tags specified
home economics
leaving certificate
Mind Map by
nuala_x
, updated more than 1 year ago
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Created by
nuala_x
over 10 years ago
42
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Resource summary
Family Resource Management
Componets ofManagement
Inputs
Demands & Resources
Needs wants goals and values
Human, Material, Environmental
throughputs
Planning
Organising
Implementing
outputs
Results- Consideration
Demmands?, Resources?, changes in values
Factors affecting Family Management
Size and composition of Family
Stages in the family cycle
Employment Patterns
Socioeconomic Status
Management of Dual Role
Culture
Gender Roles
Values & Standards
Household Finaces
Social factors affecting income
Age
Socioeconomic Status
Gender
Culture
Sources of Income
Benifits
Social Insurance Payments (Contributory)
Social Assistance Payments (non- contributory)
Universal Payments
Other e.g. Investments
Pensions
Wage
Pensions
Personal Pension
Occupational Pension
State Pension
Contributory
Non- Contributory
Household Expenditure
Budgeting
Plan for spending Money
Prevents overspending
Provides security & reduces stress
Encourages saving
Creating a Budget
List sources of Income
Calc. Yearly Expenditure for each item e.g. health Ins.
Incorporate long/ short term savings
Review regularly
Essential or Discretionory
MABS
Free, Confidential, non judgemental
Support/ help draw realistic budgets
Payment Methods for goods and services
Cash
Cheque
Debit Card
Credit Card
3V (Virtual Value Vouchers)
Direct debit & Standing order
Billpay
24 hour banking by phone
Credit Transfer/ bank giro
Online banking
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