EVALUATION-TLE-6-FAMILIES-NEEDS-AND-WANTS

Maria's family has a monthly budget of Php 20,000. They have enough money to pay for groceries, utilities, and rent. However, they also want to buy a new television. What should they prioritize in their budget?

• Pay for groceries, utilities, and rent first, and save for the television later

• Buy the television first, then pay for the utilities and groceries

• Ignore the groceries and utilities and focus on buying the television

• Buy the television and ask relatives to help pay for rent

Carlo’s family needs to buy new school uniforms and textbooks. They also want to go on a weekend vacation. Which of the following should Carlo’s family prioritize?

• The vacation, because it is important for relaxation

• The school uniforms and textbooks, because they are necessary for education

• The vacation, because they can always buy the uniforms later

• The vacation and ignore the uniforms and textbooks for now

In order to pay for their electricity bill, Juan’s family chooses not to buy a new phone, even though they really want one. What does this decision show?

• They are prioritizing wants over needs

• They are ignoring their needs

• They do not care about the bill or the phone

• They are prioritizing needs over wants

Ana’s family is saving money for an emergency fund. They have been invited to a family gathering that requires them to buy new clothes. What should Ana’s family do?

• Spend the money on new clothes for the gathering and forget about the emergency fund

• Postpone buying new clothes and continue saving for the emergency fund

• Buy the new clothes and use credit to pay for them

• Buy new clothes but use part of the emergency fund

Carla’s family is planning to buy food and pay bills with their budget. They also want to buy a new bike for Carla. Given that they have limited money, what should they do first?

• Buy the new bike for Carla and delay paying the bills

• Ignore food and bills and focus only on the bike

• Buy food and pay the bills first, and save for the bike later

• Buy food for the week and wait until the bike is on sale