GRADE8 - 2ND

ONE OF THE COMPONENT OF FAMILY BUDGET

IT DIFFERS FROM ONE FAMILY TO THE OTHER FAMILY

IT IS AN IMPORTANT GOAL TO MOST FAMILIES AND MOST OF THE TIME PARENTS SACRIFICES OTHER NEEDS JUST SO THIS ITEM CAN BE MET

• MAINTENANCE EXPENSES

• EDUCATION

• SAVINGS

• SHELTER

IF THE FAMILY CAN PUT ASIDE10 PERCENT OF THEIR INCOME VERY MONTH, WHAT COMPONENT IS THIS

• MAINTENANCE EXPENSES

• EDUCATION

• SAVINGS

• SHELTER

YOU ARE IN THE FAMILY CRISIS, WHAT DO YOU NEED TO DO SAVE YOUR MONEY

• APPLY CREDIT CARD FOR YOUR EXPENSES

• READJUST YOUR THE FAMILY BUDGET

IT IS THE THINGS ESSENTIAL FOR SURVIVAL LIKE FOOD, CLOTHING AND SHELTER

NON ESSENTIAL THINGS YOU CAN FOREGO OR SET ASIDE FOR A MOMENT

IT IS PLANNED SPENDING OF THE INCOME OR MONEY OF THE FAMILY

SHORT TERM RECORDSHOWING THE INCOME AND EXPENDITURES OF THE FAMILY

• HOUSEHOLD ACCOUNTS

• MONEY INCOME

• REAL MONEY INCOME

YOU ARE OBLIGED TO PAY REGULARLY LIKE RENT PAYMENTS, INSTALLMENTS PAYMENTS, INSURANCE, OR PLEDGE TO CHURCH OR CHARITABLE INSTITUTIONS.