1. What are the three basic needs of the family to survive? 2. Give the two sources of family income. 3. Give the five steps

Questions

December 2022 1 4 Report

1. What are the three basic needs of the family to survive?
2. Give the two sources of family income. 3. Give the five steps in making a budget plan.

Answers & Comments

steffanieguarin

Answer:

1.A traditional list of immediate "basic needs" is food (including water), shelter and clothing.

2.The five sources of family income are wages and salaries, self-employment income, government transfer payments, investment income and other income. Explanation: Family income refers to any income generated by working.

3.Here are five steps for creating a budget:

Here are five steps for creating a budget:Determine how much money you make every single month. Write this amount at the top of your paper. ...
Here are five steps for creating a budget:Determine how much money you make every single month. Write this amount at the top of your paper. ...Calculate how much money you spend every single month. ...
Here are five steps for creating a budget:Determine how much money you make every single month. Write this amount at the top of your paper. ...Calculate how much money you spend every single month. ...Examine your spending. ...
Here are five steps for creating a budget:Determine how much money you make every single month. Write this amount at the top of your paper. ...Calculate how much money you spend every single month. ...Examine your spending. ...Develop a plan. ...
Here are five steps for creating a budget:Determine how much money you make every single month. Write this amount at the top of your paper. ...Calculate how much money you spend every single month. ...Examine your spending. ...Develop a plan. ...Record your spending and track your progress.

Explanation:

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