Budget percentages Flashcards
How many items of expenditure are included in a budget?
There are 9 items of expenditure in a budget
What are the nine items of expenditure included in a budget?
Housing Food Household expenses Education/childcare Travel Clothing Medical Savings Entertainment/leisure
What is the standard percentage of income that should be allocated to housing as part of a budget?
25%
What is the standard percentage of income that should be allocated to food as part of a budget?
25%
What is the standard percentage of income that should be allocated to household expenses as part of a budget?
15%
What is the standard percentage of income that should be allocated to education/childcare as part of a budget?
10%
What is the standard percentage of income that should be allocated to travel as part of a budget?
5%
What is the standard percentage of income that should be allocated to clothing as part of a budget?
5%
What is the standard percentage of income that should be allocated to medical needs as part of a budget?
5%
What is the standard percentage of income that should be allocated to savings as part of a budget?
5%
What is the standard percentage of income that should be allocated to entertainment/leisure as part of a budget?
5%
Which of the nine items of expenditure included in a budget are allocated a standard percentage of 25% of income?
Housing
Food
Which of the nine items of expenditure included in a budget are allocated a standard percentage of 15% of income?
Household expense
Which of the nine items of expenditure included in a budget are allocated a standard percentage of 10% of income?
Education/childcare
Which of the nine items of expenditure included in a budget are allocated a standard percentage of 5% of income?
Travel Clothing Medical Savings Entertainment/leisure
