Money management

• Outline four different ways to save money when shopping for food to take on the hill walk.

  • shop around to find best value,
  • use money off coupons,
  • buy own brands,
  • buy in lower cost supermarkets,
  • buy foods in season,
  • avail of special offers- buy one get one free,
  • avoid impulse buying- by making a list and sticking to it,
  • avoiding shopping while hungry,
• Identify four different ways the family could make regular savings in order pay for a

  family holiday.

  
  

  • Layer up and save money on heating
  • bring your own packed lunch; cut down on take away coffees/take-away;
  • walk/cycle instead of taking the car/bus;
  • Make a shopping list to avoid impulse buying
• wage - this refers to a fixed reqular payment paid on hourly, daily or weekly basis.
• advantages of budgeting

  • how do you feel secure and in control of your finances
  • You can potentially save
  • good example is set for children,
  • Helps you see when your overspending/reduces it
• Credit buying