regular income - money received weekly or monthly, irregular income - money received occasionally , grant - money received from the government which doesn't have to be repaid. Might be given to fund college, jobseekers benefit - income given to people who are unemployed , pension - money laid to people over the age of 67 by the government , wage - Payment received for working, salary - incone from work where the amount stays the same regardless of hours worked, child benefit - payment made by the government to parents of children aged under 16 or in full time education. , commission - Salespeople get a percentage of all sales made, overtime - Working more hours than your normal working hours, dividend - part of the profit paid to shareholders, tax refund - paid at the end of the yearif you've overpaid tax, bonus - extra money received for reaching targets or at Christmas , benefit-in-kind - non money income. Examples company car, loan - sum of money received by a financial institution that has to be repayed with interest , financial life cycle - this shows that peoples needs wants and income changes depending on what stage in life they are in, needs - Things you must have to survive eg food, wants - thing you would like to have but don't have to have to survive,

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