Savings………………………………………………..10%
Total…………………………………………………100%
Before a budget can be planned, and in order to know whether it is being lived up to, it is necessary to keep accounts of receipts and expenditures. With such accounts, it is possible to determine where savings can be made under some heads and where, perhaps, it is necessary or advisable to spend more.
Is a budget used in your home? Find out from your parents their reason for using, or not using it.
Could you use a budget in your own personal affairs?
Find out whether a budget system is used by your local government and your state government in apportioning expenditures.
How may we "budget" our time? Is the time you spend in school "budgeted"? Make a daily time budget for yourself.
When is clothing a necessity and when a luxury? [Footnote: This and the following topics are adapted from "Ten Lessons in Thrift.">[
When is food a necessity and when an amusement?
When is amusement education and when a frivolity?