Shahrukh Momin Roll No 25 Class: 12A
Shahrukh Momin Roll No 25 Class: 12A
Shahrukh Momin Roll No 25 Class: 12A
Roll no 25
Class : 12A
INDEX
1. WHAT IS BUDGET ?
2. ADVANTAGES OF BUDGET
3. DISADVANTAGES OF BUDGET
4. TYPES OF BUDGET
5. FAMILY BUDGET
6. ADVANTAGES OF FAMILY BUDGET
7. FAMILY BUDGET FOR MONTH OF MAY
8. PIE CHART
9. MY LEARNINGS
Budget:
A budget is generally a list of all
planned expenses and revenues.
It is a plan for saving and
spending for the near future.
The purpose of a budget,
generally speaking, is to:
a) provide a forecast of revenues
and expenditures, and
b) enable the actual financial
operation of the business to be
measured against the forecast. If
a detailed budget is created, it
f
State Budget
Plan Budget
Performance Budget
Supplementary
Budget
Zero-Based Budget
Family budget:
The standard of living of a people
is reflected in their family
budgets.
A family budget is a statement
which shows how family income
is spent on various items of
expenditure on necessaries,
comforts, luxuries, and other
cultural wants.
It shows the distribution of the
family income over the various
items of expenditure
Tracks your income and expenses
for an entire month.
Advantages :
Budgeting facilitates adjusting
irregular income to regular
expenditure.
It helps to live within one’s own
income.
By budget we can identify the
unnecessary and extravagant
expenditure.
A budget determines how a family can
use all its resources
Helps save for future.
Keeps one free from financial worries
and anxieties
Helps in proper distribution of family
income
Budget for May:
Members-14
Monthly income- 2,50,000
Adults-8, Children- 6
MILK
GROCERY
CLOTHING
EDUCATION
MEDICINE
TRAVEL
ENTERTAINMENT
My learnings:
Maintaining a family budget is really
advantageous. I think a budget helps
us keep a record of our unnecessary
expenses at the same time ensuring
that we save any surplus. This project
taught me the importance of money, so
that I stop wasting money on
unnecessary things. Having figures in
front keeps one alert of where they
should actually spend money. The
most essential thing to remember is
having money does not always mean
to spend it. I am sure this knowledge
will be worthwhile when I grow up.