TLE 6 Allocation of Family Income and Budget

Management of income and expenses that affects the family

Monetary payment received by family members for goods and services offered.

Refers to the money paid by the family for goods and services that it gets.

This gets the biggest share in the allocation

of your family income.

These are paid on a monthly basis such

as electricity, water, telephone, and internet bills.

Families renting a house or apartment should have a fixed monthly budget for mortgage.

This includes expenses for allowance,

tuition fees, uniforms, books, and school

supplies

A separate amount of money for

emergency purposes or for something that will

be bought in the future

Budget allocated for

house helper, household supplies, home repairs,

and improvement.

Allocated for medical

and dental appointment, medicines, and

vaccinations.