Page 27 - Apprenticeship book.cdr

B) Skills and competencies

• shop online, which gives you greater access to a variety of products
from around the world
• Earning interest is another important reason to have a bank
account. You may notice that each year, the price of many goods and services
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rises gradually. For example, a bag of apples costs $1 today; however, next year,
the same bag of apples might cost $1.02. This economic effect is referred to as
inflation. As more money is required to purchase the same good or service due
to inflation, the value of that same money falls. Having a savings account that
earns interest protects you from inflation and the declining value of money.
Finally, having a bank account allows you to better manage your
saving and spending habits. Clever management of saving and spending can
ultimately help people reach their financial goals such as purchasing a house or
car.
While there are many benefits to having a bank account, it is just as
important to protect your bank account from thieves. When purchasing goods
and services online, ensure that the computer is protected by anti-virus
software. If your debit card is ever lost or stolen, you should notify your bank
immediately so that they can disable the card and send you a replacement.

Make a basic expense schedule

Source: www.doughroller.net
PART 1 will be transferred into your bank account every month (the net amount, i.e. “on
At the beginning learn from the employer what sum of the basic salary
hand”), next start planning your expenses.
B) Skills and competencies
Make a list of fixed expenses which you will bear every month: the rent
and housing fees (the bills for the provided services: phone, the Internet, public
transport, water, electricity, etc.); transport costs (fuel or the public transport
tickets)), instalment loans/repayment of liabilities (e.g. seizure by a bailiff) etc. The
costs of food, clothing and entertainment should also be included.

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