Adopt the 70-20-10 principles of budgeting for the family below.Show the recommended breakdown of their expenses DELA MERCED FAMILY (with four family members) Combined family income: Php. 65,000.00 a month Expenses: Savings: Emergency savings:
Basically your gonna estimate them
You gonna divide 65K from
Expenses:
Savings:
Emergency savings:
Answers & Comments
Expenses: 21,000.00
Savings: 20,000.00
Emergency savings: 21,000.00
65,000.00 ÷ 3= 21,000.00
why? Emergency savings is higher than savings?
because Emergency savings is important so that in case something bad happens to one of your family, you have emergency savings there