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WorksheetsQUATER 3-TLE-MODULE 2
Total questions: 10
Worksheet time: 5mins
It refers to the management of income and expenses that affects the family.
Family Finance
Income
Expense
Usually income of the family comes from the employment and / or profit from a business or commission like in selling real estate or selling beauty products.
True
False
Maybe
refers to the money paid by the family for goods and services that they get.
Budget
Expenses
Income
You need to eat every day, so this gets the smallest share in the allocation of your family income.
Trye
False
Clothing needs of family members differ from one another depending on the physical growth, status, and development rate of family members, and occasion or engagements attended.
True
False
Families should not allocate an amount of their income for education.
True
False
This is paid on a monthly basis.
Clothing
Utilities
This is a separate amount of money that is set aside for emergency purposes or allotted for something to be bought in the future “Save for the rainy days” so the saying goes.
Shelter
Savings
Social and Moral Obligations
The more family members are there, the bigger amount of income is spent on food, schooling, clothing, and for their other basic needs.
True
False
Today, money is considered as the most important among the resources of the family.
True
False
