It includes family outings, outside dining, watching movies.
Recreation
Follow a shopping and marketing schedule. TRUE or FALSE?
False
Teach the children to spend their allowance wisely. TRUE OT FALSE?
True
A budget is the amount of money set aside for planned expenses.
Budget
These are materials that the family members desire to have
Wants
It consists of uniforms, clothes, and accessories.
Clothing
It includes things needed in the house, beddings, curtains, furniture, and other paraphernalia to make members comfortable.
Household operations
It includes the tuition fees, books, daily food, transportation allowance of children.
Education
It includes the amount set aside or deposited in the bank.
Savings
These are materials which the family members need to survive on a day to day basis.
Needs
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
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