Two Types Of Expenses

1. Fixed Expenses - these consists of expenses that occur regularly w/in a period of time in more or less the same amount.

2. Flexible Expenses - expenses that do not come regularly.

Example: expenses for clothing recreation, donation, medical and dental and other emergency expenses.

3. Managing Family Income - means balancing the budget so that time needs of the family are net.

4. Time and Activity Plan - is a tool which help you accomplish your task for the day.

5. Daily Time Schedule - It is other tool which shows the activity to be done for the day and the corresponding timed to be used.

6. Duration - refers to the length of time spent for a certain activity.