Welcome. This is a blog dedicated to the students enrolled in the CSHS AP Economics classes.
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I think that the budgeting for my family is similar to the budget of Dec 2011. We spend a majority of our income on food and housing, along with transportation. My family tends to spend a lot on medical care because we have a family of six. So when one of us gets sick, it will eventually spread to the rest of us. My family tends to cut on recreation and apparel along with other since those aren't huge necessities.
The budgeting for my family is also similar to the budget of December 2011. Mortgages, gasoline, food, and utilities take up more than half of the spending of our family. We rarely get sick so we don't spend a lot on health care and medication. We also tend to cut recreation.
I am actually really uncertain where my family lies. My parents never discuss spending with my sister or myself. If I had to guess though, I am sure that our spending is similar to the December 2011 statistics. My mother spends about $400 for groceries a month. I am unsure how the housing market works, but since my parents have owned our house for around 25 years, they no longer pay high amounts. I think that our housing would be less than 41%. My family has 4 cars, so I am sure that 17% is about right for my family.
Like everyone else above, I am unsure as to how my family budgets our income. I think that my family has good management over spending and saving our money. Most of our money goes toward insurance, car payments and food. Our family cuts in extra expenses such as shopping for clothes or going on vacations (recreation). Unlike the chart, I think my family spends less than 41% of our income on housing. I think our family spends about the same as the average for transportation, food, and clothing.
I think that the budgeting for my family is much like everyone elses. The majority of all of our paychecks goes to the necessities such as rent, gas, and food. Any extra money we have is now saved instead of put aside for vacations or things that we want rather than need. Since all four members in my family now have jobs, we all try to budget our money as much as we can and spend it wisely.
The budgeting for my family reflects those of everyone above. The income primarily goes toward most important and necessary things such as food, mortgage, etc. Things that are being include leisure and vacations. My family is more focused on the things that are absolutely needed and cut the things that are superfluous.
The budget for my family reflects the same statistics used in the article. The majority focuses on mortgage, cars (because I just recently received mine), food, gasoline, and so on. You cut where you have to, with materialistic things that are unnecessary. My family is very concerned with our budget and always tries to save when they can.
My families budget is pretty much the same as the one in the article. The largest portion goes towards paying for cars and the house, and then other important necessities, like clothes, food, and health care. Due to the state of the economy, my family has been cutting back on leisure activities, such as trips and entertainment.
My family bugdet is like that of those that commented before me and the statistics of December 2011. We spend money on the essentials like food and gas while cutting back on the lesser important items like new clothing and vacations.
MY family has no concept of a budget. Each year, my parents spend a little more than they make. Usually the majority of it goes to luxury goods such as purses, clothes, cars, and motorcycles. Meanwhile, credit card bills accumulate debt on a principle that is not being payed down, and payments are often late. Though, our necessities are always met.
However, MY own personal budget only allows about 20% for leisurely spending, 10% for food, and the other 70% goes directly to savings with no exceptions.
I think that the budgeting for my family is similar to the budget of Dec 2011. We spend a majority of our income on food and housing, along with transportation. My family tends to spend a lot on medical care because we have a family of six. So when one of us gets sick, it will eventually spread to the rest of us. My family tends to cut on recreation and apparel along with other since those aren't huge necessities.
ReplyDeleteThe budgeting for my family is also similar to the budget of December 2011. Mortgages, gasoline, food, and utilities take up more than half of the spending of our family. We rarely get sick so we don't spend a lot on health care and medication. We also tend to cut recreation.
ReplyDeleteI am actually really uncertain where my family lies. My parents never discuss spending with my sister or myself. If I had to guess though, I am sure that our spending is similar to the December 2011 statistics. My mother spends about $400 for groceries a month. I am unsure how the housing market works, but since my parents have owned our house for around 25 years, they no longer pay high amounts. I think that our housing would be less than 41%. My family has 4 cars, so I am sure that 17% is about right for my family.
ReplyDeleteLike everyone else above, I am unsure as to how my family budgets our income. I think that my family has good management over spending and saving our money. Most of our money goes toward insurance, car payments and food. Our family cuts in extra expenses such as shopping for clothes or going on vacations (recreation). Unlike the chart, I think my family spends less than 41% of our income on housing. I think our family spends about the same as the average for transportation, food, and clothing.
ReplyDeleteI think that the budgeting for my family is much like everyone elses. The majority of all of our paychecks goes to the necessities such as rent, gas, and food. Any extra money we have is now saved instead of put aside for vacations or things that we want rather than need. Since all four members in my family now have jobs, we all try to budget our money as much as we can and spend it wisely.
ReplyDeleteThe budgeting for my family reflects those of everyone above. The income primarily goes toward most important and necessary things such as food, mortgage, etc. Things that are being include leisure and vacations. My family is more focused on the things that are absolutely needed and cut the things that are superfluous.
ReplyDeleteThe budget for my family reflects the same statistics used in the article. The majority focuses on mortgage, cars (because I just recently received mine), food, gasoline, and so on. You cut where you have to, with materialistic things that are unnecessary. My family is very concerned with our budget and always tries to save when they can.
ReplyDeleteMy families budget is pretty much the same as the one in the article. The largest portion goes towards paying for cars and the house, and then other important necessities, like clothes, food, and health care. Due to the state of the economy, my family has been cutting back on leisure activities, such as trips and entertainment.
ReplyDeleteMy family bugdet is like that of those that commented before me and the statistics of December 2011. We spend money on the essentials like food and gas while cutting back on the lesser important items like new clothing and vacations.
ReplyDeleteMY family has no concept of a budget. Each year, my parents spend a little more than they make. Usually the majority of it goes to luxury goods such as purses, clothes, cars, and motorcycles. Meanwhile, credit card bills accumulate debt on a principle that is not being payed down, and payments are often late. Though, our necessities are always met.
ReplyDeleteHowever,
MY own personal budget only allows about 20% for leisurely spending, 10% for food, and the other 70% goes directly to savings with no exceptions.