1. How much is allotted for food?
2. How much does the family save in a month?
3. What part of the budget has the biggest allocation? What is the least
allocated?
4. If the monthly savings is added to the education budget, how much will it
be?
5. How much more budget is allocated in transportation expenses than on the
education budget?
6. Do you think Mr. Himongala's budget for savings is a wise decision? Why or
why not?
2. How much does the family save in a month?
3. What part of the budget has the biggest allocation? What is the least
allocated?
4. If the monthly savings is added to the education budget, how much will it
be?
5. How much more budget is allocated in transportation expenses than on the
education budget?
6. Do you think Mr. Himongala's budget for savings is a wise decision? Why or
why not?
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Answers & Comments
1. Allotted budget for food = 25% of 18,500 pesos = 4,625 pesos
2. The family saves 15% of 18,500 pesos = 2,775 pesos per month.
3. The biggest allocation is housing (45%), while the least allocated budget is entertainment (5%).
4. The total budget for education will be 1,750 + 2,775 = 4,525 pesos.
5. The budget allocated for transportation is 20% of 18,500 pesos = 3,700 pesos. Therefore, the budget allocated for transportation is 3,700 - 1,750 = 1,950 pesos more than the budget allocated for education.
6. It depends on the family's financial goals and priorities. Saving 15% of their income is generally considered a good practice, but it also depends on how they use the saved money. It is a wise decision if they are saving up for an emergency fund or a long-term investment. However, it may not be a wise decision if they are not utilizing their savings properly.
any amount
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