Learning Task 7: Identify the following. Write your answers in your notebook.



______________1. It is a plan for spending.

______________2. One example of basic items that one needs from day to day.

______________3. It is spending money for fun and satisfaction.

______________4. It is type of spending that is rewarding because one is assured of extra cash in the future especially in times of emergency.

______________ 5. The combined earnings of the father, mother , and other members of the family.

______________6. The one responsible in handling the family income.

______________7. It includes health and medical expenses, special occasions like birthday , fiesta , surprise visit of friends at home and other.

_____________8. A classification of expenses that include the amount that is set aside regularly for the daily expenses of the family like food and transportation.

_____________9. A classification of expenses that includes recreation gifts, clothing, and others

_____________10. A classification of expenses that includes adequate food , clothing , transportation , and other personal needs.

​