1.

Give any five points highlighting the importance of ‘Family Spending Plan’

Answer»

Answer:

Below are the advantages of a FAMILY spending plan.

Explanation:

  • It teaches the family members the WORTH that money has and prepares them for good money handling skills and also spending skills.
  • A spending plan ensures that at no time shall you MISS money for your NEEDS since you planed earlier.
  • It helps in tracking and organizing spending for SOMEONE or the whole family.
  • It promotes happiness in the family since when people are comfortable, then they shall be at peace with each other.


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