Maharashtra State BoardSSC (English Medium) 9th Standard
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Consider the Income and Expenditure of Your Family and Make an Account Sheet for It. - Geography and Economics

Answer in Brief
Chart

Consider the income and expenditure of your family and make an account sheet for it.

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Solution

                                               PERSONAL BUDGET WPRKSHEET

    MONTH  
INCOME    BUDGET  ACTUAL
  SALARY ₹ 1,00,000 ₹ 65,675
Total Income    ₹ 1,00,000 ₹ 65,675
Balance     ₹ 34,325
EXPENSES:      
Living/Housing      
  Rent/Mostgage ₹ 16,000 ₹ 16,000
  Electric ₹ 500 ₹ 400
  Water/Sewer ₹ 0 ₹ 0
  Gas/Heating ₹ 1000 ₹ 750 
  Telephone  ₹ 500 ₹ 371
  Cable Tv ₹ 800 ₹ 800
  Household/Repairs ₹ 500 ₹ 121
  Other ₹ 2000 ₹ 1300
Regular Payments      
  Student Loan ₹ 0 ₹ 0
  Credit cards ₹ 10,000 ₹ 8,000
  Other Loan Payments ₹ 7,000 ₹ 7,000
  Health Insurance  ₹ 3,000 ₹ 3,000
  Car/Home Insurance  ₹ 1,000 ₹ 1,000
  Life Insurance  ₹ 28000 ₹ 28000
  Child Care  ₹ 0 ₹ 0
  Other  ₹ 500 ₹ 500
Food Expenses      
  Groceries ₹ 5000 ₹ 4700
  Restuarants Meals  ₹ 3000 ₹ 2150
  Other  ₹ 500 ₹ 500
Personal Expenses:      
  Personal Care ₹ 1000 ₹ 700
  Hair/Nail Care ₹ 1000 ₹ 555
  Clothing/Shoes  ₹ 2000 ₹ 1700
  Doctors,Dentists, etc ₹ 1000 ₹ 500
  Pescriptions ₹ 700 ₹ 900
  Loundry/Dry Clean ₹ 500 ₹ 700
  Recreation/Travel ₹ 1,500 ₹ 2,500
  Other  ₹ 500 ₹ 650
Transportation      
  Gas/Auto Expenses ₹ 2000 ₹ 2150 
  Bus, Taxi, Train, etc ₹ 500 ₹ 523
  Parking ₹ 100 ₹ 105
  Other ₹ 200 ₹ 200
Miscelleneous      
  Temple ₹ 100 ₹ 0
  Gifts/Charity ₹ 500 ₹ 800
  Savings ₹ 5000 ₹4000
  Other ₹ 500 ₹ 500
Total Expenses   71200 ₹ 65,675
Concept: Introduction to Economics
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Balbharati Social Science Geography 9th Standard Maharashtra State Board
Chapter 8 Introduction to Economics
Activity | Q 2 | Page 66
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