Money Management and Consumer Education

Question

Rajesh works as a clerk. His son studies in a professional college. He finds it hard to meet their monthly expenses. In what four ways can his son help in reducing his expenses and use his skills to increase their real income?

Answer

Rajesh's son can reduce his personal expenses in the following ways.

  1. Studying hard and not taking tuitions.
  2. Taking homemade tiffin instead of buying food from outside.
  3. Getting books from the library instead of buying them.
  4. Not buying branded clothes.
  5. Use public transport.

Use of skills to improve real income

  1. Ironing own clothes instead of getting them ironed fro the dhobi.
  2. Repairing any faults at home by himself instead of calling a mechanic.
  3. Bargaining prices.
  4. Taking tuitions.

Sponsor Area