CRUZ, JOHN BENEDICT F.

2MT-N

(SECOND SCENARIO)

Name of Child: Zacharry “Zach”,

House: Bought from Tagaytay
Car: Campany Car
Monthly Income: P25,000
Annual Income: P300,000
A) MONTHLY EXPENSES
Monthly Expenses Amount
TAX P1,000
PHIL HEALTH P1,000
SSS P1,000
GSIS P1,000
MANULIFE INSURANCE P1,000
ELECTRICITY P1,500
WATER P750
HOUSE (MONTHLY) P5,000
TOTAL P12, 250

B) ZACH’S EXPENSES
ZACH’S EXPENSES AMOUNT

SCHOOL SUPPLIES P800

UNIFORM P1,000
MONTHLY ALLOWANCE P3,000
 TOTAL P4,800

C) PARENTS’ EXPENSES
PARENTS’ EXPENSES AMOUNT
CLOTHING ALLOWANCE P3,000
PRINTER P500
LAPTOP P1,000
TOTAL P4,500

D) GROCERY
GROCERY ITEM QUANTITY PRICE
RICE 25 kilos P1,000
HOTDOG (TJ) 1 500g P98
FISH (BANGUS) 1 Kilo P180
CHICKEN 1 Kilo P135
EGG 6 pcs P36
BREAD 1 loaf P30
MILO 1 dozen P96
BISCUITS/SNACKS 3 bags P140
SUGAR 1 kilo P50
SALT 1 kilo P15
SOY SAUCE 1 385 ml P18
VINEGAR 1 385 ml P15
MINOLA OIL 1 liter P90
DISHWASHING LIQUID P80
SHAMPOO 1 bottle P89
SOAP 2 pcs P90
TOOTHPASTE 2 tubes P150
 TOTAL P2,312

E) SUMMARY OF HOUSEHOLD EXPENSES

MONTHLY EXPENSES P12,250

ZACH’S EXPENSES P4,800
PARENTS’ EXPENSES P4,500
GROCERY P2,312
MAJOR HOUSEHOLD EXPENSES P23,862 per month
MAJOR HOUSEHOLD EXPENSES P286,344 per year
EMERGENCY MONEY/SAVINGS P1,138
PER MONTH
EMERGENCY MONEY/SAVINGS P13,656
PER YEAR

F) The quality of life that I want for my family is average or the well-budgeted one. As
parents, we have the responsibility of providing all the essential needs of our family. We
should put emphasis and prioritize the basic needs of our family. Another thing is while
being capable of providing them the basic needs in life, I also want to give them the
things that they want, the things that makes them happy. I want them to live a happy
and a contented life.