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WorksheetsTLE 6 Allocation of Family Income and Budget
Total questions: 20
Worksheet time: 15mins
Management of income and expenses that affects the family
Family Feud
Family Finance
Family Planning
Family Assets
Monetary payment received by family members for goods and services offered.
income
expenses
assets
liabilities
Refers to the money paid by the family for goods and services that it gets.
income
expenses
assets
liabilities
This gets the biggest share in the allocation
of your family income.
utilities
shelter
food
savings
These are paid on a monthly basis such
as electricity, water, telephone, and internet bills.
utilities
shelter
household operations
savings
Families renting a house or apartment should have a fixed monthly budget for mortgage.
utilities
shelter
food
savings
This includes expenses for allowance,
tuition fees, uniforms, books, and school
supplies
utilities
household operation
education
savings
A separate amount of money for
emergency purposes or for something that will
be bought in the future
utilities
household operation
education
savings
Budget allocated for
house helper, household supplies, home repairs,
and improvement.
utilities
household operation
education
savings
Allocated for medical
and dental appointment, medicines, and
vaccinations.
rest and recreation
social and moral obligations
medical and dental health
clothing
A budget that depends on the physical
growth, status, and development of family
members.
rest and recreation
social and moral obligations
medical and dental health
clothing
A budget allocated for
relaxation, entertainment, hobbies, interests,
trips, and vacations.
rest and recreation
social and moral obligations
medical and dental health
clothing
Allocated for events such as
birthdays, anniversaries, wedding, among others.
rest and recreation
social and moral obligations
medical and dental health
clothing
Allocation for FOOD
845
1625
2145
1560
Allocation for UTILITIES
845
1625
2145
1560
Allocation for SHELTER
845
1625
2145
1560
Allocation for EDUCATION
845
1625
2145
1560
Allocation for SAVINGS
845
325
3250
32.50
Convert percent to decimal
0.030
3.0
30
0.30
Convert percent to decimal
0.0075
7.50
0.075
0.75
