7.2 USE OF INCOMES Spend o durable goods: last at least 3 years, o E.g. cars, washing machines, refrigerators, furniture o Non-durable goods: immediately consumed or have a relatiⅳ vely short life E g. food, clothes, radio batteries Save e deposit into an account at a financial institution purchase of shares or units in a trust urchase of bond or debenture o deduction from pay that goes into a superannuation fund7.2 USE OF INCOMES ⚫ Spend ⚫ Durable goods: last at least 3 years, ⚫ E.g. cars, washing machines, refrigerators, furniture… ⚫ Non-durable goods: immediately consumed or have a relatively short life ⚫ E.g. food, clothes, radio batteries… ⚫ Save ⚫ deposit into an account at a financial institution ⚫ purchase of shares or units in a trust ⚫ purchase of bond or debenture ⚫ deduction from pay that goes into a superannuation fund