5.1 Name ONE method of paying for household appliances where interest is charged - NSC Consumer Studies - Question 5 - 2023 - Paper 1

1. Ease of operation: The microwave should be user-friendly and straightforward to operate.
2. Safety of the appliance: Ensuring that the microwave meets safety standards to prevent hazards.
3. Budget/price: The student should consider the affordability of the microwave in relation to their budget.
4. Space available/size: The dimensions of the microwave should fit in the designated kitchen space.
5. Energy efficiency/wattage/power usage: Choosing a microwave that is energy-efficient to save on electricity costs.
6. His/ her cooking/warming needs: Considering the types of meals that will be prepared and whether the microwave can accommodate those needs.
7. Safety certification/SABS: Ensuring the microwave has necessary safety certifications.
8. Guarantee/warranty: Checking for any warranties that protect against defects.

1. Full-title homeownership: In this arrangement, the buyer of the property becomes the legal owner of the entire property, which includes the land and all structures on it.
2. Sectional-title homeownership: Here, individual units within a building are owned separately, but the land and common areas are collectively owned by all unit owners. The ownership extends to shared responsibilities for common facilities.

Financial Advantages of Renting a Property

1. Fixed rental amount: The tenant pays a fixed amount which may be less than bond repayments.
2. No property maintenance costs: The landlord is responsible for property maintenance, reducing the tenant's financial burden.
3. Flexibility: Renting provides the flexibility to move without the need for selling property.

Financial Disadvantages of Buying a Property with a Mortgage Bond

1. Bond/repayment costs may increase: Payments are linked to interest rates, which can rise over time.
2. Property ownership entails taxes and fees: Owners must pay land and property taxes, increasing monthly expenses.
3. Maintenance responsibilities: Homeowners are responsible for maintaining the property, which can incur additional costs.

1. Meets needs: The chest freezer uses both gas and electricity, allowing Mr. Johannes to choose the most cost-effective option for his location.
2. Size considerations: At 160 liters, it is small enough for his limited living space but offers sufficient capacity for bulk food storage.
3. Ease of cleaning: The design makes it easy to clean, which is important for maintaining hygiene in food storage.
4. Accessibility: The manual defrost feature requires periodic maintenance but is manageable for Mr. Johannes.
5. Potential weight issue: If the freezer needs to be moved, it may be heavy for him, considering his age.
6. Energy savings: The option to primarily use gas may save him money on electricity bills, making it economically suitable for his budget.