Expenses are higher than income. The family is "in the red" and may need to borrow money.
Interest from bank savings or rent from property. 3. Expenses: Where does the money go? Expenses are divided into two main categories: Expenses are higher than income
Managing a family budget is a team effort. Even as a student, you can help by turning off lights to save on bills and distinguishing between "wants" (a new game) and "needs" (school supplies). When a family plans their budget together, they feel more secure and happy. Even as a student, you can help by
The main goal of a budget is to control spending so the family has enough for essentials and can save for the future. 2. Income: Where does the money come from? Even as a student
Payments from the government to retirees or families with many children. Scholarships: Money earned by students for good grades.