ᴇxᴘʟᴀɴᴀᴛɪᴏɴ ᴏғ ʜᴏᴍᴇ ʙᴜᴅɢᴇᴛ ᴡɪᴛʜ ᴘʟᴀɴᴀɴɪɴɢ ᴏғ ʜᴏᴍᴇ ʙᴜᴅɢᴇᴛ
➡ ᴠᴇʀɪғɪᴇᴅ ᴇxᴘʟᴀɴᴀᴛɪᴏɴs
➡ ᴀᴅᴅ sᴏᴍᴇ ᴜɴɪǫᴜᴇ ʟɪɴᴇs
Answers
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✍️ Definitions :-
⠀⠀⠀★ A home budget is also known as personal budget . This budget is a finance plan that can also be defined as a spending plan that takes into account the monthly income and expenditure of our family . ETA shows us that we and our family members are not spending lavishly much in excess and also becoming concern about our income.
✍️ Planning :-
⠀⠀⠀★ Calculate the net income ( add up all the incomes of your family members)
⠀⠀⠀★ Fixed your spendings
⠀⠀⠀★ Point out your discretionary spendings
⠀⠀⠀★ Make up some adjustment
⠀⠀⠀★ Try to spend in a systematic way and not lavishly
⠀⠀⠀★ And check out your home budget continuously
Home budget :-
➡ a home budget helps to regulate the expenditure and saving plans of a family
➡ it is workable not only for single individual but the whole family can plan its total income and its expenditures and the lavish expenditure also
Planning :-
➡ first sum up the total income of the whole family and then find out your expenditures or where you have spend your money and plan up all your rest money