“Budgeting is the first step in Money management.” In this Steps

1.	“Budgeting is the first step in Money management.” In this Steps in preparing a family budget.context explain the Steps in preparing a family budget
Answer» Steps in preparing a family budget: It include the following steps : • Prepare a list of commodities and other services which are needed by the family members. • After preparing the list now estimate the cost of the desired items. • Now, bring your expected income and expenditure in balance. • Always check your plans to see if these are realistic. Means whether the needs of the members have been met or not.

“Budgeting is the first step in Money management.” In this Steps in preparing a family budget.context explain the Steps in preparing a family budget

Answer»

Steps in preparing a family budget: It include the following steps :

• Prepare a list of commodities and other services which are needed by the family members.

• After preparing the list now estimate the cost of the desired items.

• Now, bring your expected income and expenditure in balance.

• Always check your plans to see if these are realistic. Means whether the needs of the members have been met or not.