ALLOCATION OF FAMILY INCOME AND BUDGET

It refers on how to manage family income and expenses that affects the family.

• A. Family Finances

• B. Family Income

• C. Family expenses

Which of the following are the components of family budget?

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Whose member of the family that usually budget the family income?

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What should be prioritized in budgeting?

• A. NEEDS

• B. WANTS

Which of the following are example of utilities?

• Electricity

• Gas

• Books

• Water Bills

______________ is known as allocation of income for the family.

It is the process of executing the plans and performing the task given to each member.

• A. Planning

• B. Organizing

• C. Implementing

• D. Evaluating

It refers to the money paid in the family for goods and services.

• A. Family Finances

• B. Family Income

• C. Family expenses

Based on the chart, how many percentage of allocation of family budgets needs to be priorities?