The objective of saving by the housewife is
- AOption (a)
Buy expensive goods
- BOption (b)
To protect your pride
- COption (c)
To secure the future
- DOption (d)
For all of the above
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Correct answer
To secure the future
Why this answer is correct
Concept:
Savings:
- Savings are funds that a family sets away for emergencies.
- The expenditure must be less than the revenue in order to guarantee some financial savings.
Explanation:
To secure the future:
- A portion of a family's income is set aside for future needs.
- Savings can be used at any time in the future for a variety of things, including family necessities or emergencies, children's weddings or higher education, old age security, medical emergencies, or the purchase of commodities.
- One must budget their expenses if they want to stay within their means.
- Spending sensibly to ensure that all of your needs are covered is what is meant by "managing income."
- You will need to create a "spending plan" for this.
- A spending strategy is a deliberate way to spend money.
- It is dependent on a family's overall income.
- It enables the family to budget their spending and to set aside money for unforeseen expenses and future requirements.
Thus, the objective of saving by the housewife is to secure the future.
Important Points To make a spending plan:
- Be sure to account for all of your resources, including income and housing.
- List all the needs (goods and services) that the family members will have throughout that time.
- Arrange these needs according to priority.
- Spend money while keeping in mind your overall revenue. This will facilitate efficient use of financial and other resources.
- The spending plan should be balanced. This will also enable some financial savings.