D. Write TRUE if the statement is CORRECT and FALSE if it is NOT. 1. We do not need shelter to live. _2. Shelter protects us from harm. _3. We need to budget everything including bills and rentals. 4. A person can be rich without education. _5. Education is expensive, so we must have a budget for it. 6. Food is more important than shelter. T 7. Shelter can help you maintain your will to survive. _8. When you have an education, you can fulfill the basic needs in life. 9. Education helps children learn to set goals and to feel proud when they accomplish set goals which will play a key role in a successful adult life. _10 You need to be educated to get a good job so that you can be financially stable in your life. Directions: Write TRUE if the statement is correct and FALSE if it is not. 1. Shelter is more important than food. 2. Education is priceless and all are entitled to have it. 3. A person can reach his dreams even without education. 4. Shelter can help you maintain your will to survive. 5. We can live without food and water. Food Budget Budgeting Clothing Education Transportation B. Answer the following questions. Write your answers on a separate sheet of paper. 1. If I will give you money to spend it in 1 month, what will you do to it? 2. How are you going to spend it? 3. Make a budget plan of your allowance for 1 week. 4. Draw a chart showing on how you will spend your allowance. C. Answer the following. Write your answers on a separate sheet of paper. 1. Enumerate the factors affecting family income. 2. Write the steps in making a budget. 3. Why is it important to consider budget in clothing? 4. In considering a budget on clothing, give the percentage for each clothing below. Outer garments Undergarments and sleeping garments Shoes and hose Accessories Sport clothes