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You and your money

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This line graph shows the effect of a fall in income on the Syme family’s finances. The horizontal axis shows the years from 1 to 8 in intervals of one year. The vertical axis is labelled ‘£ per year’ and is marked in intervals of £5000 from 0 to £20,000. There is a black line representing ‘Net income’ which starts at £15,000, falls to £9000 by year 3. and then remains static. There is an orange line representing ‘Expenditure’ which starts at £14,000 which is £1000 below income. It then falls to £12,000, after the fall in income to £9000 and then rises gradually back up to £14,000 while income remains the same.

 4.1 Income and expenditure, and debt