espending,+saving+and+borrowing).

= =  Student task: = = = Your Task is to describe the typical **Spend Vs Save Vs Borrow profile** for the 3 households described below. = = = = They live in a 4-bedroom apartment, which they own with a mortgage. = = Mr One works for an Insurance company and earns $60k. = = Mrs One works part-time as a primary school teacher and earns $25k. = = They have 2 children aged 7 and 9 years old. = = = = Mr and Mrs Two live in a large house that they have owned for a long time (no mortgage). They are thinking about selling the house (to reduce their expenses) and moving into something smaller. They are 68 years old enjoy gardening & visiting their 4 grandchildren about 2 hours drive away. = = = = Mr and Miss Three rent a glamorous apartment together in downtown location. Mr Three works as a Banker; he was recently promoted and earns $50k. Miss Three works also a Banker; she earns $55k. = = They have no children. = = = = = = For each household, answer the following questions. Use an easy-to-compare way to record your answers (e.g. in a table). Suggest how each household might split their income into typical Spend vs Save categories (i.e. % of income on food/holidays Vs savings/pensions): = = = = = =Resources required:= =** Textbook: **// ECONOMICS Ch 11 (pg 182-195) //=
 * // 1. // **** Household 1 – //Busy family of 4// **
 * 2. **** Household 2 – //Retired couple// **
 * 3. **** Household 3 – //Unmarried 30 somethings// - (DINKy’s) **
 * = Describe how the spending patterns of each household may be different (or the same) – what will they spend their money on? =
 * = Which household will feel the poorest in terms of their disposable income (i.e. which household has the highest amount of uncontrollable/routine expenses that they must pay before they can ‘enjoy’ their income). =
 * = Describe the reasons that would make each household save money (rather than spend). =
 * = Overall, what percentage of their income do you think that they might spend Vs save? =
 * = What do you think each household would do with an extra $200 disposable income per week? =