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Managing my money
Managing my money

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Week 3 round-up

In Week 3 you’ve seen how comparing your expenditure with your income enables you to draw up a budget.

Effective budgeting provides the means for individuals and households to identify their priorities and objectives, and helps to identify what has to be done to achieve them.

Well done! You’ve completed your study of how to manage household cash flows.

Next you start to explore the various assets and liabilities people also have to manage during their life course. Week 4 looks at debt and borrowing – a subject familiar to virtually all households in the UK.

You can now go to Week 4: Debt and borrowing [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)]

Figure 15