Assessment on Family Budgeting and Sewing

Gemma's family is preparing for the start of the school year. Her parents listed down the things they need to buy, such as school supplies, uniforms, and groceries. They also considered their time to help Gemma with her studies and emotional support to motivate her. Which of the following BEST describes the types of resources Ana's family has?

• Social, cultural, and emotional resources

• Natural, personal, and financial resources

• Educational, physical, and mental resources

• Human, material, and non-material resources

Nelson's parents work hard to provide for their family. His father is a farmer, and his mother sells homemade snacks at the local market. Sometimes, they also receive money from relatives abroad. Which of the following is NOT a source of their family's income?

• Earning from farming

• Selling homemade snacks

• Money sent by relatives abroad

• Borrowing money from neighbors

Janella's family earns ₱10,000 per month. They spend ₱5,000 on food, ₱2,000 on clothing, and ₱1,500 on household bills. They also save ₱1,000 and use the remaining money for entertainment and social events. What is the MOST appropriate way for Janella's family to improve their budgeting?

• Stop buying clothes to save all their money

• Use all their savings to buy a new television

• Spend more money on entertainment to enjoy life

• Reduce spending on food and allocate more for savings

Anna's family always attends community meetings and participates in barangay programs. They believe it is important to stay informed and contribute to the welfare of their neighborhood. Why is it important for Anna's family to participate in community programs?

• Make new friends and have fun

• Show off their influence in the barangay

• Receive financial assistance from the government

• Fulfill their social responsibility and help the community

Luis's family lives in a small house made of wood and corrugated iron. With the rainy season approaching, his parents are planning to make their home more durable by adding a stronger roof and reinforcing the walls. Which of the following actions is MOST appropriate to help Luis's family prepare their shelter for the rainy season?

• Rent a house with a bigger yard

• Build a new kitchen for more space

• Increase the number of people living in the house

• Improve the roofing and reinforce the walls for better protection

Sophia wants to perform well in school. Her teacher has given her a list of recommended books for additional reading and online resources for research. Sophia has a limited budget for her school needs, so she needs to plan carefully. Which of the following is the BEST way for Sophia to manage her budget to meet her educational needs?

• Buy all the recommended books without considering the costs

• Use online resources for research and buy only a few essential books

• Focus only on buying new stationery, ignoring other educational resources

• Spend all her budget on extracurricular activities instead of educational

Jeoff's family earns ₱15,000 a month. They need to cover their basic expenses like food, utilities, and transportation. Jeoff wants to save money for a school trip and buy a new phone, but his family has limited resources. Which of the following is the MOST feasible and practical budget plan for Jeoff's family?

• Save all the money for the school trip and forget about the phone

• Spend all the money on food, utilities, and the new phone, and skip savings

• Spend the entire budget on the school trip and borrow money for other expenses

• Allocate money for food, utilities, and savings first, then decide if there's enough left for the phone

Aida's family is budgeting for the month. They need to buy food, pay for electricity, and set aside money for an upcoming family celebration. Aida is also planning to save for a new bicycle. How should Aida's family prepare their budget to ensure their needs are covered?

• Save all the money for the bicycle and skip the family celebration

• Spend all the money on the family celebration and leave out the basic needs

• Use all the money for the family celebration and borrow money for food and electricity

• Focus on the basic needs (food, electricity) first, then allocate some for savings and the family celebration

James' family business earns ₱12,000 a month. They need to pay for basic expenses such as food, transportation, and utilities. James wants to buy a new bicycle, but his family also needs to save for emergencies. After paying for the essentials, there is only ₱2,000 left. Which of the following budget strategies is for James' family to follow?

• Save all the ₱2,000 and do not spend anything on the bicycle

• Save all the ₱2,000 and do not spend anything on the bicycle

• Spend the ₱2,000 on the new bicycle and delay saving for emergencies

• Skip food and utilities, use all the money for the bicycle, and borrow money for the essentials

Aeron's family is budgeting their income for the month. They need to allocate money for essential needs such as food, medicine, and transportation. Aeron wants to buy a new gaming console, but his family is also planning to attend a relative's wedding, which will require travel expenses. Which option BEST analyzes how Aeron's family should manage their resources?

• Spend all the money on the gaming console and ignore the expenses

• Pay for the wedding expenses first and delay paying for essential need

• Ignore food and medicine, use the entire amount for the gaming console, and borrow money for the wedding

• Prioritize food, medicine, and transportation, then use the remaining money for the wedding, and save for the console