Btec Business Level 3 Unit 7 M3

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Report evaluating vic and jess I feel that vic and jess are doing quite well for themselves and feel that they don’t need to do anything to help them but with their spare money they may want to invest in a better TV package such as sky or sky HD plus this may not be for them but they might like a better internet package. If they feel that this is not good either they may like to put some money in a saving account to help save for the new baby or to pay for university when the children get older. If i had to say i would change something i say they could cut down on how much they spend on food they might get away with spending only 200 instead of 300. Mortgage they can’t really change that but if they wanted they could maybe make larger monthly…show more content…
Sofa repayments they could maybe try paying more so that they pay the money back before the 3 years free credit runs out. Another thing they could do is not change anything and this could help them save better and make things feel more comfortable for when the baby comes as this may make it easier to get the crib and other need for the small child and this will also give them a bit more money to decorate the nursery. Also they could look for a high interest savings account or a iac this will either help them not spend the money or this could help they to save more in a high interest account as the more money they could put in will again better interest when they take it out. When the new baby is born it will make the utility bills go up as they are normally things that have a lot to do with children also children like to sleep with a night light. Also things like their going out money will go down as they may not want to leave the baby and they may want to spend more time with their new child. On the other hand they do get another £56.80 a month as they will get child benefits.. Bibliography Handouts in
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