OO A budget is a plan for spending and should be planned using a management system. OO Remember that gross income minus deductions is net income. Statutory deductions
include PAYE, PRSI and USC. Voluntary deductions include health insurance and union fees.
OO Expenses include housing, food, household expenses, childcare, entertainment and savings.
OO Credit means buy now and pay later. Overdrafts, mortgages, hire purchases and credit cards are forms of credit.
OO Savings options include banks, building societies, credit unions and the post office. O O A home filing system will help you keep track of all your expenditure and is a way of storing important documents so that you can easily access them.
