Why Money Matters 1006GBS

Answer the following three questions:

1) Derive and present a table that Compares 2020 Expenditure and Income (see Table 1) for the household across all expenditure and income categories with 2021 levels (see Table 4& 5) for your household. Discuss three main changes in the expenditure and income? Key consideration should be given to changes in rents, petrol and food prices a. How much did Total Income and Total Expenditure grow by? b. What percentage did the net budget position of the household change from 2020 to 2021? c. Are the household better off or worse off in 2021 compared to 2020?

2) Develop a 3-point plan for the household to improve its financial wellbeing. Define Financial wellbeing. What steps can it take to reduce i) debt and expenses, ii) increase savings and iii) what risks should it manage. Do research to ensure your plan is realistic and based on sound academic findings and cite these in your presentation. Use at least 2 Academic references.

3) For your specified area, propose an effective but relatively inexpensive one new solution that could be implemented by local communities to support vulnerable households in the area and reduce the impact of the cost of living. Use at least 2 Academic References must be cited. The slides must include a list of references on the final slide.