Budget refers to the total amount intended for the expenses of the whole family. The budget of the family must be used wisely and carefully plan to determine how much money will be spent or allocated during a certain period.
This module was designed and written as an instructional material. It will help you master the most essential learning competencies that you should learn inside the classroom setting or home as part of the learner’s assignment. It has specific lesson directed to the attainment of learning outcomes. It also follows the standard sequences of the course.
The lesson discusses on how to prepare and allocate budget for a family.
1.1.1 food and clothing
1.1.2 shelter and education
1.1.3 social needs: social and moral obligations (birthdays, baptisms etc.) family activities, school affairs savings/emergency budget (health, house repair)
1.2.1 manages family resources efficiently
1.2.2 prioritizes needs over wantsHE6_q1_mod3_Preparing-and-Allocating-of-Family-Budget