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Managing my money
Managing my money

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Managing My Money Glossary

Glossary of terms used in Managing My Money.

Sunday, 14 April 2024, 6:52 PM
Site: Open Learning
Course: Managing my money (MMM_1)
Glossary: Managing My Money Glossary


The process of establishing a fund to cover the costs of any potential financial loss.

State additional pension

A state pension available mainly to employees. The amount received varies from one person to another depending largely on their average earnings while the pension was building up.

Symbolic consumption

Consuming products or lifestyles for social meanings attached to those products or lifestyles for others to see.