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8 terms

Household Budgets

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Income
Money received by a household.
Regular Income
Income received every week or month.
Irregular income
Income received now and again.
Benefit-in-kind
Non-cash forms of income, e.g. company car, mobile phone, free travel.
Overtime
Hours worked after the normal working hours with time and a half or double time pay.
Child benefit
Money received by families per child.
Student grant
A sum of money given to university students when they are at university.
Jobseekers benefit
A weekly payment made to unemployed people. It is paid by the Department of Social Protection.