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Below is a sample of budget experience of Soriano family with a monthly income of 35,000.00. Try to analyze and answer the following separate short of paper.
Monthly Budget Expenses of Soriano Family
₱ 8.875.00 Miscellaneous Expenses
₱ 15,975.00 Food
₱3.050.0 Education
₱7.100.00 Clothing
Guide Questions
1. How much is the total income of the family?
2. How much is allotted to food? clothing? education?
3. Did the family spend their income wisely? Why or why not?
4. Which of these expenses are considered wants? needs?
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Verified answer
Answer:
1. 35,000
2. food- 15,975
clothing- 7,100.00
education- 3,050.00
3. yes, yes because they spend because of her family
4. the food
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