Interview
Consumers notes for grade 11 IEB students
- Course
- Institution
Indepth notes made for student success.
[Show more]
Seller
Follow
miekejvr8
Content preview
, :Unemployment insurance Sources :
fund :
Ulf : A fund that
short term relief
'
Salaries :
gives to
people
who are unable to work .
A set amount that is
payed out
every month for service
Contributions : Portion of or
good .
income paid to fund pension
,
.
Gross : Total income before
-
Government social and pension :
grant
deduction or tax .
People that are disabled are
eligible for social
grants
.
Eligible Meeting conditions
:
do receive Casual
something wages
:
-
to or .
Vulnerable for
Exposed being Money part time work
: to .
attacked or harmed .
Budget : Estimate of income
-
Business profits or investments .
and
Family and friends
spending for period
'
a set .
.
-
Pension
Factors affecting spending :
•
Household composition
-
Financial resource and disposable income
-
Needs
-
Location
-
Preferences
, Budget :
-
Help work on
lowering expenses .
Set and
Variable :(
hanging goal for
you your family
-
all the .
Ensures
time .
.
you
have
enough money
to cover
expenses .
Shortfall : Amount that is
'
Control how is
spent
your money .
lower than expected
-
Teaches value of
.
you money
.
'
Helps decide what
necessary expenses are .
Not
using a
budget :
-
Can be blacklisted .
debt
-
Invest on
Can loose control of
•
know where it
money ;
not went .
'
waste expenses
money unnecessary
on .
control of credit
May
'
lose how 've used
my you
.
Principles :
needs and A
ssess
Objectives
•
:
-
assess
record
Control and
spending C control
-
:
-
Prepare for unexpected incidents .
P prepare
:
steps :
1. List income L
2. Estimate expenses E 7 .
Compare income and expenses . (
Fixed expenses Evaluate
3. F 8 .
the
budget .
E
↳ Variable expenses v •
Listed all income
your
.
5. Essential expenses E keep track of cash
•
.
b. Luxuries L •
Listed all expenses
your
.
, Unit:3 Types of bank accounts:
Fraud :
Deceiving someone to 1 .
Savings account:
Bank card that holder withdraw ATMs
gain money advantage can use to
money at
•
or .
.
Bank
Money Laundering Taking the low interest
•
in account
money
rate on
pay
: .
proceeds for criminal
activity .
Deposit : Sum of
money paid
2 . Current or cheque account:
into a bank account .
A minimum of
Saving account :
Open Rio Rso-
RI 500 income needed to
open .
Debit card Card that allows Bank low invest in this
money account
: rate on
pays .
funds Overdraft available
immediate access
facility
•
to . .
Stop order
•
Bank
automatically Acess funds withdraw
with
by making
:
a
-
.
•
draws a
spesific amount of
money Pay accounts
by writing cheque .
for
•
from a
cheque to
pay
a
monthly expense . .
Pay goods and services credit or debit card linked to account .
Same Arrange stop orders
•
amount each month .
.
Debit order
•
Permission business debit orders
Arrange
: to .
to withdraw funds Dittrent each month
.
.
Transaction : Act of
buying or 3 . Call account:
A minimum balance of RI 000 be maintained
selling .
must .
of paid
•
higher balance
A rate invest than an
ordinary account
,
the
higher the ,
the
higher % .
Encourages leave
money possible
in
•
to most account .
Deposit free but others
charged
•
.
4. Fixed deposit:
Invest for fixed period
money
•
.
High int rest Bank for
•
know keep certain period
.
they can
money
.
5. MONEY MARKET:
Opening balance R 5000 th 25000
•
: -
.
•
Investment account
,
not withdrawn can be .
Deposits are free .
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller miekejvr8. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.75. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
66579 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now