Tle Flashcards
most important aspect of home management
spending family income
planned spendding of the income or the money of the family
budget
essential things for survival
needs
non essential things for survival,adds luxury in life
wants
name atleat 3
advantages for a family budget
- helps the family find errors
2.aids the family to live within the budget
3.a reminder for needs and wants
4.increases efficiency
5.gives more direction in achieving goals
6.fosters unity cooperation etc
gives a feeling of security by providing the amount of savings
budget
biggest share in the family’s budegt,since the health of the family depends on it
food
to protect the family from the harsh elements
shelter
depends on the lifestyle of the family
clothing
budget for this will depend on the goal of the family
education/advancement
folows when family members are sickly
health needs
bills and household repairs
maintenance expenses
family can forgo this expense and this item helps in the happines of the family
miscellaneous expenses
part of the budget plan and can come in the form of investments
savings
valuable resource that we all have in limited supply
time