Week 2 round-up

In Week 2 you’ve looked at the various ways income comes into households – either in the form of earnings from work or as state benefits.

You’ve learned about inflation and how it impacts on household finances, and you’ve seen the ways that incomes are taxed.

You’ve also examined the changing structure of UK state benefits.

Finally you’ve had some practical experience of drawing up an income side of a budget.

The next week turns to the other side of a household’s budget – expenditure.

You can now go to Week 3: Expenditure and budgeting

Figure _unit2.6.1 Figure 10