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HWOO: How Money Is Used: Home

Methods of Payment

There are advantages and disadvantages to using different methods of payment

Different ways people pay for goods and services, eg. cash, debit cards, credit cards, online payment, gift cards, electronic wallet, online bank transfer, cryptocurrency, afterpay, bartering, timebanks, video game trading

Advantages and disadvantages of different methods of payment

Social Entrepreneurship

Social entrepreneurs establish profit or non-profit enterprises with the aim of acting on social and/or environmental issues

Ways profit and non-profit enterprises act to solve social or environmental issues

Budgeting

Designing a budget helps people manage their earning and spending

How to design a basic budget to manage finances for earning and spending

Consumerism

Consumers can make informed choices by considering financial, environmental and social factors

Differences between goods and services

Factors that influence consumer purchasing decisions, eg. economic factors such as budgets and the amount of money available to spend, psychological factors such as advertising and peer pressure; environmental factors

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