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Allocates budget for basic and social needs
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It includes the tuition fees, books, daily food, transportation allowance of children.
Education
Follow a shopping and marketing schedule. TRUE or FALSE?
False
It includes family outings, outside dining, watching movies.
Recreation
These are materials which the family members need to survive on a day to day basis.
Needs
These are materials that the family members desire to have
Wants
Buy things that you want. TRUE or FALSE?
False
Teach the children to spend their allowance wisely. TRUE OT FALSE?
True
It includes the amount set aside or deposited in the bank.
Savings
It includes things needed in the house, beddings, curtains, furniture, and other paraphernalia to make members comfortable.
Household operations
It consists of uniforms, clothes, and accessories.
Clothing
It is based on the system by which wages or salaries are received and how these are to be spent by itemizing the needs of the family and how much money is needed to meet such needs.
Budgeting
A budget is the amount of money set aside for planned expenses.
Budget


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