W2D - HE Components of A Family Budget
W2D - HE Components of A Family Budget
W2D - HE Components of A Family Budget
Review
Classify the following pictures as
NEEDS or WANTS
Crossword Puzzle
C C
O O
N M
T P
E X P E N D I T U R E O
N L N
G I E A R N I N G S
E F N
I N V E S T M E N T
C S S
Y T
Y
L
E
Components of Family Budget
BUDGET
1. FOOD
3. EDUCATION
5. CLOTHING
CONTINGENCY FUND
A small percent of the family income has to be set aside for
needs that may unexpectedly arise. To some families, savings
that are deposited in banks can meet contingency needs. The
accumulated savings can later be converted to the realization
of some long-term goals such as buying a house and lot, a car,
or such other expensive items which can be part of a family’s
investment. The need of savings and investments is important
to ensure the family’s future.
What are the components
of family budget?
1. Food
2. Shelter an other related needs
3. Education
4. Health needs
5. Clothing
6. Transportation & other miscellaneous expenses
7. Social & other recreational needs
8. CONTINGENCY FUND
References: