BUDGETING TLE 6

includes anything tangible or intangible that helps provide for the needs of its members

• Budgeting

• Family Resources

• Savings

• Needs

Something that we should have to survive.

• Needs

• Wants

Something that people desire to have.

• Needs

• Wants

It is the wise use of family resources.

• Savings

• Wants

• Needs

• Budgeting

This component of family's budget includes bill such as water, electric, telephone and salary of helper.

• Leisure

• Household Operations

• Savings

• Health Needs

A small percent of the family's income that is set aside for the needs that unexpectedly to arise.

• Leisure

• Household Operations

• Savings

• Health Needs

This component is set aside for the health of family members.

• Leisure

• Household Operations

• Savings

• Health Needs

This is an example of Needs.

• Car

• Travel

• Food

• Gadgets

This is an example of WANTS

• Food

• Shelter

• Travel

• Education

The process of creating a plan to spend your money

• Savings

• Expenses

• Budget Planning

• Family Income