Managing the Family Income

 1. Mike is known for his skill in providing services such as catering and repairing broken devices and other furniture, what sources of income does he have?

2. Ms. Ana is having a hard time figuring out how to balance her income and expenditure, so what can she do?

3. Mr. Ramos always has money set aside for the tuition fees, books, school supplies, school projects, textbooks, and allowances of his children, this is one of the essential components of a family budget.

4. Rina got her monthly income as well as she listed all her expenses. In her list, she has an amount set aside regularly for the daily expenses of her family like food, transportation, children’s allowances and others, in which of the three classifications of expenses can she put it?

5. Elsa is following the steps in preparing a budget plan, she has completed the first three steps, what are the next step she will take?