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Money Management and Consumer Education
Question
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Suggest Sunil two ways of increasing his monthly income and convince him to record his monthly expenses. Suggest a suitable format for monthly record of his expenses.

Answer

  1. It helps judicious spending, aware of wasteful expenditure.
  2. Money lasts throughout the month.
  3. Can compare prices and expenses of the previous month.
  4. Prioritise expenses.

Month Name of things 1st Week 2nd Week 3rd Week  4th Week  Total Amount 
Feb House Rent          
  Petrol          
  Grocery          
  Food          
  Drink          
             
March   ---   ---   ---   ---   ---   ---

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