1. The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries
1. The budget items that are included in the basic family budgets are: housing, food, child care, transportation, health care, other necessities, and taxes.
(its your choice what answer you will put for no.1)
2. equal spending can help you to use desicions properly at the same time save up money for the needs rather than the wants
Answers & Comments
Answer:
1. The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries
1. The budget items that are included in the basic family budgets are: housing, food, child care, transportation, health care, other necessities, and taxes.
(its your choice what answer you will put for no.1)
2. equal spending can help you to use desicions properly at the same time save up money for the needs rather than the wants