Business Btec Peerless Discernment.

Culture affected by tradition, religion and ethical beliefs, will have different attitudes to money. The older generation of Chinese people, for example have a culture a saving. Life events Events throughout your life will impact on your attitude to money. These events may be within your control, for example going to university, travelling abroad, getting married or starting a family or any be outside your control, example illness, financial gains and losses External influences Factors outside your control, including the state of the economy. For example the state of the economy will impact on wages, availability of jobs and the prices of goods and services. Decisions by the government will affect the amount of the tax you pay or the amount you receive in benefits. These all directly affect your ability to spend and save Interest rates cost of borrowing money or the reward for saving money