Drinks with his friends Council tax

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Drinks with his friends Council tax

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Presentation transcript:

Drinks with his friends Council tax Salary Car insurance Loan from his parents Drinks with his friends Council tax Credit card payments Mortgage Utility bills Dinner with his girlfriend Interest on his savings A typical month for Mr Crump Car Magazine subscription New clothes Where am I getting my money from? (Inflows or receipts) Where am I spending my money? (Outflows or payments) Extension: What happens if I spend more than I earn?

Business inflows Business outflows Extension: How might a business try to increase it’s inflows or decrease it’s outflows?