Question

100 POINTS

Social studies this is about money

Answer 1

Scenario1

• Money↷
• savings⇢$12
• Allowance⇢$4
• Other⇢$ 3
• Total⇢ $20
• Things to buy↷
• candy bar⇢$1
• Game⇢ $6
• pair of earrings ⇢$ 15
• Total ⇢$ 22

Scenerio 2

• Money↷
• savings⇢$6
• Allowance⇢$4
• Other⇢$ 3
• Total⇢ $13
• Things to buy↷
• colour pencil⇢$3
• colour book⇢ $1
• ticket to art galary ⇢$ 8
• Total ⇢$ 12

Answer 1↷

• Hugu have enough money to buy everything he wants

Answer 2↷

• Creating a budgets work like a mindmap which help to sort out the money into our payments and bills and make also some fraction for us

Answer 3↷

• Education consumes a large fraction of the total income and can effect spending choice just like this friend of mine who studies in another state. She does a part time job and left with very low amount to spend on herself.Most of her savings get used in buying books and studies related stuff even though her parents financially supports her.