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Flashcards in Budget percentages Deck (15)
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1

How many items of expenditure are included in a budget?

There are 9 items of expenditure in a budget

2

What are the nine items of expenditure included in a budget?

Housing
Food
Household expenses
Education/childcare
Travel
Clothing
Medical
Savings
Entertainment/leisure

3

What is the standard percentage of income that should be allocated to housing as part of a budget?

25%

4

What is the standard percentage of income that should be allocated to food as part of a budget?

25%

5

What is the standard percentage of income that should be allocated to household expenses as part of a budget?

15%

6

What is the standard percentage of income that should be allocated to education/childcare as part of a budget?

10%

7

What is the standard percentage of income that should be allocated to travel as part of a budget?

5%

8

What is the standard percentage of income that should be allocated to clothing as part of a budget?

5%

9

What is the standard percentage of income that should be allocated to medical needs as part of a budget?

5%

10

What is the standard percentage of income that should be allocated to savings as part of a budget?

5%

11

What is the standard percentage of income that should be allocated to entertainment/leisure as part of a budget?

5%

12

Which of the nine items of expenditure included in a budget are allocated a standard percentage of 25% of income?

Housing
Food

13

Which of the nine items of expenditure included in a budget are allocated a standard percentage of 15% of income?

Household expense

14

Which of the nine items of expenditure included in a budget are allocated a standard percentage of 10% of income?

Education/childcare

15

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