“A STUDY ON FAMILY BUDGETING IN MANJERI

MUNCIPALITY”
A PROJECT REPORT SUBMITTED TO

THE UNIVERSITY OF CALICUT

IN PARTIAL FULFILLMENT OF THE REQUIREMENT
FOR THE AWARD OF DEGREE IN BACHELOR OF COMMERCE

SUBMITTED BY
SALMANUL FARISI PK
Reg.No : VUAQBCM019

UNDER THE GUIDANCE OF

SENEERA.K.K
(ASSISTANT PROFESSOR, PG DEPARTMENT OF COMMERCE)

MIC ARTS AND SCIENCE COLLEGE ATHANIKKAL

PO VALLUVAMBRAM – 673642, MALAPPURAM

2016-2019
“DEDICATED TO MY BELOVED PARENTS AND
TEACHERS FOR THEIR SUPPORT AND TO
ALMIGHTY FOR HIS BLESSING“
 DECLARATION

I SALMANUL FARISI PK , hereby declare that this project report entitled ‘ A

STUDY ON FAMILY BUDGETING IN MANJERI MUNCIPALITY’ is a record
of bonafide research carried out by me and submitted to the University of Calicut
in partial fulfilment of the requirement for the award of B.com. I also declare that
this is an original work done by me and the same has not been submitted earlier
either University or to any other institutions for the fulfilment of a course of study
or any other purpose. The work is carried on under the supervision and guidance of
the faculty guide SENEERA.K.K (Assistant professor in PG department of
Commerce)

Place: valluvambram SALMANUL FARISI PK

Date: 20/03/2019 Reg.No: VUAQBCM019
 MIC ARTS & SCIENCE COLLEGE ATHANIKKAL
DEPARTMENT OF COMMERCE

CERTIFICATE
This is to certify that the project report entitled ‘A STUDY ON FAMILY
BUDGETING IN MANJERI MUNCIPALITY’ by SALMANUL FARISI PK has been
prepared under the guidance and supervision of the faculty guide
SENEERA.K.K(Assistant professor,Department of commerce). The work has been
satisfactory and is recommended for consideration toward the award of B.com
(2016-2019) of University of Calicut.

Place: valluvambram Mr.ABDUL RASHEED

Date: 20/03/2019 Head of The PG Department of Commerce

Viva- voce Examination held on :

External examiner :
 MIC ARTS & SCIENCE COLLEGE ATHANIKKAL
DEPARTMENT OF COMMERCE

CERTIFICATE
This is to certify that the project report entitled ‘A STUDY ON FAMILY
BUDGETING IN MANJERI MUNCIPALITY’ by SALMANUL FARISI PK has been
prepared under my guidance and supervision. The work has been satisfactory and
is recommended for consideration toward the award of B.com (2016-2019) of
University of Calicut.

Place: valluvambram SENEERA.K.K

Date: 20/03/2019 Assistant Professor,PG Department of Commerce
 ACKNOWLEDGEMENT

I express my sincere thanks to almighty Allah,the most gracious and most

merciful.

I would like to thank Mr.USMAN ,Principal,MIC Arts and science college

Athanikkal for permitting time to conduct this study.

I proudly utilize this privilege to express my heartfelt thanks and sincere

gratitude to my inspiring guide SENEERA.K K.(Assistant Professor in
Department of Commerce in MIC college Athanikkal),for her kind supervision
,valuable guidance and constant encouragement bring out this report in time a deep
sense of involvement and confidence.

I am greatly obligated Mr.ABDUL RASHEED.P(Head of Department of

Commerce)for this whole hearted support and encouragement.

Besides,I would like to show my sincere gratitude to all faculty members of

department of commerce for their inspiration,guidance and suggestion.

I am also thankful to my beloved parents and friends for their sincere assistance
and their encouragement during my project work.

Date :20/03/2019 SALMANUL FARISI PK

Place :Valluvambram Reg No : VUAQBCM019
 LIST OF CONTENTS

CHAPTERS TITLE PAGE NO

1 INTRODUCTION
1.1 INTRODUCTION
1.2 STATEMENT OF THE PROBLEM
1.3 OBJECTIVES OF THE STUDY
1.4 SCOPE OF THE STUDY
1.5 RESEARCH METHODOLOGY
1.6 METHODS OF DATA COLLECTION
1.6.1 PRIMARY DATA
1.6.2 SECONDARY DATA
1.6.3 SAMPLE DESIGN WITH AREA OF 1-6
STUDY
1.6.4 SAMPLE METHOD
1.6.5 TOOLS FOR DATA COLLECTION
AND PRESENTATION
1.6.6 TOOLS USED FOR DATA ANALYSIS
1.6.7 PERIOD OF THE STUDY
1.7 LIMITATION OF THE STUDY
1.8 CHAPTER SCHEME
2 REVIEW OF LITERATURE 7-13
3 THEORATICAL FRAMEWORK 14-20
4 DATA ANALYSIS & INTERPRETATION 21-44
5 SUMMARY,FINDINGS,SUGGESTIONS 45-49
AND CONCLUSION
BIBLIOGRAPHY 50-53
APPENDIX 54-60
 LIST OF TABLES

TABLE TITLE PAGE

NO NO
4.1 CLASSIFICATION ON THE BASIS OF THEIR 22
AGE
4.2 CLASSIFICATION ON THE BASIS OF 23
GENDER
4.3 CLASSIFICATION ON THE BASIS OF 24
EDUCATIONAL QUALIFICATION
4.4 CLASSIFICATION ON THE BASIS OF THEIR 25
OCCUPATION
4.5 CLASSIFICATION ON THE BASIS OF 26
INCOME
4.6 CLASSIFICATION ON THE BASIS OF 27
BELONGS
4.7 CLASSIFICATION ON THE BASIS OF 28
MONTHLY EXPENDITURE FOR FOOD
4.8 CLASSIFICATION ON THE BASIS OF 29
MONTHLY EXPENDITURE FOR EDUCATION
4.9 CLASSIFICATION ON THE BASIS OF 30
MONTHLY EXPENDITURE FOR
TRANSPORTATION
4.10 CLASSIFICATION ON THE BASIS OF 31
MONTHLY EXPENDITURE FOR HEALTH
4.11 CLASSIFICATION ON THE BASIS OF MODE 32
OF SPENDING
4.12 CLASSIFICATION ON THE BASIS OF 33
 MONTHLY EXPENDITURE FOR
ELECTRICITY
4.13 CLASSIFICATION ON THE BASIS OF 34
MONTHLY EXPENDITURE FOR TELEPHONE
OR MOBILE
4.14 CLASSIFICATION ON THE BASIS OF 35
MONTHLY EXPENDITURE FOR GAS/LPG
4.15 CLASSIFICATION ON THE BASIS OF 36
MONTHLY EXPENDITURE FOR TELEVISION
4.16 CLASSIFICATION ON THE BASIS OF 37
MONTHLY EXPENDITURE FOR NEWSPAPER
4.17 CLASSIFICATION ON THE BASIS OF 38
MONTHLY EXPENDITURE FOR LOAN
4.18 CLASSIFICATION ON THE BASIS OF 39
SAVING HABIT
4.19 CLASSIFICATION ON THE BASIS OF 40
SAVING PROPORTION
4.20 CLASSIFICATION ON THE BASIS OF 41
SAVING OBJECTIVES
4.21 CLASSIFICATION ON THE BASIS OF 42
SPENDING HABIT
4.22 CLASSIFICATION ON THE BASIS OF 43
ATTITUDES TOWARDS PREFERENCE OF
FUTURE SAVINGS
4.23 SATISFACTION LEVEL OF FAMILY 44
BUDGETING IN THE RESPONDENTS
 LIST OF CHART
CHART NO TITLE PAGE NO
4.1 AGE GROUP 22
4.2 GENDER 23
4.3 EDUCATIONAL 24
QUALIFICATION
4.4 OCCUPATION 25
4.5 INCOME RANGE 26
4.6 AREA OF LIVING 27
4.7 FOOD EXPENDITURE 28
4.8 EDUCATIONAL 29
EXPENDITURE
4.9 TRANSPORTATION 30
EXPENDITURE
4.10 MEDICAL 31
EXPENDITURE
4.11 SPENDING MODES 32
4.12 ELECTRICITY 33
EXPENSES
4.13 TELEPHONE 34
EXPENSES
4.14 GAS/LPG EXPENSES 35
4.15 TV EXPENSES 36
4.16 NEWSPAPER 37
EXPENSES
4.17 INSTALLMENT/LOAN 38
EXPENSES
4.18 CLASSIFICATION OF 39
SAVE REGULARLY
4.19 SAVING 40
PROPORTION
4.20 SAVING OBJECTIVES 41
4.21 SPENDING HABITS 42
4.22 PREFERENCES OF 43
FUTURE SAVINGS
4.23 SATISFACTION 44
LEVEL OF FAMILY
BUDGETING
 CHAPTER-1
INTRODUCTION
1.1 INTRODUCTION

The changing of environment the need for management also becomes

inevitable to identify and deal with problems which emerge from Change .
management is an essential component of family living and is the natural
outgrowth of human Association in the family .

A budget is a financial plan for a defined period, often one year. It may
also include planned sales volumes and revenues, resource quantities, costs and
expenses, assets, liabilities and cash flows. Companies, governments, families and
other organizations use it to express strategic plans of activities or events in
measurable term A budget is the sum of money allocated for a particular purpose
and the summary of intended expenditures along with proposals for how to meet
them. It may include a budget surplus, providing money for use at a future time, or
a deficit in which expenses exceed income.

Family as a system constantly interacts with the environmental

surroundings.It influences and at the same time as being influenced by its
household near and larger environment with the increasing globalisation,
technological advancements, fast communication system and other factors of 29th
and 21 century have increased the ones and desires of families

There are several guidelines to use when allocating money for a

budget as well. Past spending is one of the most important priorities; a critical step
in most personal budgeting strategies involves keeping track of expenses via
receipts over the past month so that spending for the month can be reconciled with
budgeted spending for the next month. Due to the family financial management or
family budgeting find out the lifestyle and background of family, spending habits
of family ,future Savings and analysis the effectiveness of budgeting or family
management.

The respondents were asked questions to determine the FAMILY

BUDGETING in accordance with the MANJERI MUNCIPALITY.

1.2 STATEMENTS OF THE PROBLEM

The project is mainly concerned with a study on family budgeting in Manjeri

municipality .The study would help it to determine the family financial
management .The study has been undertaken to understand the factors affecting the
family financial procurements and operations.

1.3 OBJECTIVES OF THE STUDY

➢ To find out lifestyle of family and their background.

➢ To find out the spending habits of family in Manjeri municipality.

➢ To find out the preference for providing future savings.

➢ To analyse effectiveness of budgeting on families in Manjeri municipality.

1.4 SCOPE OF THE STUDY

The present study is aimed to analysis the family financial management in Manjeri
municipality for the purpose of the study the family members of Manjeri
municipality have been selected as steady has been approached from the standpoint
of families who are residing in Manjeri municipality.

The purpose of the study is to examine techniques used by families in the day to
day management of their finances .the purpose is accomplished by analysis of that
gathered through a series of in-dept with the families ,to find out the lifestyle and
spending habits of family.

The scope of the study is limited only to the family of Manjeri municipality,
Malappuram and study concerned with recognise the analysis and effectiveness of
budgeting on the families.

1.5 RESEARCH METHODOLOGY

This is a case study which as one of the survey method in very popular form
adopted for qualitative analysis and involves take care full and complete
observation of a social unit we that you need a person a family even the entire
community case study places more emphasis on the full analysis of Limited
number of events or conditions and there interrelations during a specific span of
time .present study I designed as a descriptive one by using both primary and
secondary data.

1.6 METHODS OF DATA COLLECTION

1.6.1 Primary Data:-

The primary data were collected from the sample respondents by using the
structured questionnaire.

1.6.2 Secondary Data:-

The secondary data were collected from website of Manjeri municipality

,magazines and Publications

1.6.3 SAMPLE DESIGN WITH AREA OF STUDY

Sample size :since the population of the selected location for the process is very
large and all the respondents could not be interviewed due to the practical
difficulties .only selected cells have been taken up for the study sample size of the
study is 60 here is it used convenience sampling techniques for the collection of
primary data.

1.6.4 SAMPLING METHOD

Here the samples are collected for data collection is conviently.

1.6.5.TOOLS FOR DATA COLLECTION AND PRESENTATION

Tools :The data is collected by using structured questionnaire from the selected
respondent.
Presentation:The data are presented through table ,chart ,graph ,charts.

1.6.6 TOOLS USED FOR DATA ANALYSIS

For the study the tools like percentage ,Ranking method ,five likert scale are used
for analysing the data.

1.6.7 PERIOD OF THE STUDY

For collection of primary and secondary data has been carried out during the period
of February 1st to 21

1.7 LIMITATIONS OF THE STUDY

➢ There is only a limited sample size of 60 respondents and conclusion have to

be drawn based on these 60 respondent .

➢ Extra expenditure cannot be easily when a family makes a budget sometimes

savings become lower.

➢ A limited period was allotted to complete the questionnaire and hence more
in-depth research could not be conducted .

➢ Most of the family members were busy in their own works they are not
ready to fill the questionnaire.

1.8 CHAPTER SCHEME

The project is logically divided into five chapters.

CHAPTER -1 INTRODUCTION
It includes introduction about the family budgeting ,statement of problem, scope of
the study ,objectives of the study ,methodology of the study ,sources of data
,sample design with the area of study ,tools of Data Collection ,tools used for data
analysis ,period of study ,limitations of the study and chapter scheme.

CHAPTER - 2 REVIEW OF LITERATURE

It includes words related to Current Knowledge and substantive findings as well as

theoretical and methodological contributions to a particular topic family budgeting.

CHAPTER - 3 THEORATICAL FRAMEWORK

Third chapter deals with the theories about budgeting.It includes

meaning,importants,features,types of family budget,advantages and disadvantages
of family budgeting and creation of budget.

CHAPTER – 4 ANALYSIS AND INTERPRETATION

The fourth chapter make a detailed analysis of demographic variable and analytical
variable among families.

CHAPTER - 5 SUMMARY,FINDINGS,SUGGESTIONS AND

CONCLUSSION

The fifth chapter includes summary,findings,suggestions and conclusion of the

study.
 CHAPTER - 2

REVIEW OF LITERATURE
REVIEW OF LITERATURE

Review of related literature serve as the base for any researches to understand his
or her research problem clearly and to design the methodology by which the study
is to be conducted.Various studies conducted earlier in the topic related to the
current research problem are included in the literature.It give an idea for the
researcher to determine the research problem and to frame the objectives.

David Rothwell and Nahid Sultana (2012) “Cash flow and Savings practices of
Low-Income households - Evidence from a follow-up study of Individual
Development Account participants.” In order to match savings intervention to
examine self-reported financial practices (cash flow and saving) five years after the
intervention terminated. The sample sizes of 758 households were selected by
using multi-stage sampling method by using
M plus 5 software. Latent class analysis produced three group of financial
practices-high, medium and low functioning. Result showed that some of the low-
income households were carefully managing their finance; psychological sense of
mastery was positively related to high functioning cash flow and savings. It was
suggested that antipoverty intervention should assess the financial practices of
participants at the time of service enrolment, further, social services providers
should not assume that households are not carefully managing their finance.

Gedela (2012) Examined the "Determinants of the Saving Behaviour of the tribal
and rural Households in the district of Visakhapatnam.” The data of 120 sample
households has been collected from both tribal and rural households by using
interview schedule. The study used the Multiple Regression Model and Logistic
Regression Model for finding out the determinants of saving behaviour of
households situated in tribal and rural areas. The results ultimately revealed that
the age of the head of the household, sex, dependency ratio, income and medical
expenditure were significantly influencing the saving behaviour in the entire study
area. In the tribal area, dependency ratio and medical expenditure has severely
affected of household saving. Income is the most crucial factor of the saving
behaviour in the entire study. The study found that male headed households save
more than female headed households.

Santhi .P (2011) “Financial Inclusion through Saving and Investment of Urban

Slum Women – a socio-economic analysis.” It analysed the financial liabilities and
sources of awareness about the investment and pattern of saving among urban slum
women in Coimbatore city. The sample size of 125 respondents were selected
using cluster sampling method. The study found that all respondents were
financially liable. Majority of the respondent‟s ranked first priority towards
insurance products. Urban women who live in slum were directly influenced by
their socio-economic status. Multiple regression result showed that purpose of
saving, pattern of saving, schemes of investment and monthly saving of urban slum
women have association with their
31 types of occupation and also correlated with one another. It is revealed that the
loan pattern, collateral free bank loan and loan provided by the group to the
members at the affordable cost have relieved them from the clutches of money
lenders who provide credit at an exorbitant rate of interest.

Hareena Issahaku (2011) analysed “Determinants of Saving and Investment in

Deprived District Capital in Ghana - a case study of Nadowhi in the Upper West
Region of Ghana.” The study employed stratified random sampling technique to
select 60 respondents and data were collected by well structured questionnaires and
interview schedule. The study found that higher education is also assumed to be
associated with higher or better income. There is strong and positive correlation
between income and saving, educational status and occupation have positive
influence on saving. The number of dependent exerts a negative influence on
saving. It was also found that age composition and asset do not have a significant
effect on saving. The factors that drive household investment were occupation,
expenditure, asset and saving.

Rehman (2010) investigated the “Determinants of households saving in Multan

district of Pakistan.” Data of 293 respondents were drawn through field survey in
by adopting stratified random sampling technique. Sample contains information
about rural and urban households. To observe households saving behaviour in
Pakistan especially in Multan district, they have practiced Multivariate regression
model. The study analyzed the determinants of household savings. The study
supported life cycle hypothesis. Age has positive relationship and square of age is
negatively related to household savings. Education of household head, children's
educational expenditures, family size, liabilities, marital status and value of house
were significantly and inversely affecting household savings.

Robert I. Lesman (2010) conducted a study entitled “Are Low Income Household
Accumulating Asset and Avoiding Unhealthy Debt?” This study aim to investigate
level of asset, liabilities, saving and investigate choice among low and moderate
income families. The sample sizes of 2000 households were selected by using
random sampling method. The primary data was collected through structured
interview schedule. It is observed that married couple had more asset 15 than
single head. Low income families had low debt and low asset. Low income
household headed by graduate accumulated higher asset than other group. The
elders, under low income group who skew towards blue-collar jobs and saved for
their retirement, rental household were twice as likely as household owners had
more debt than asset.

Denizer (2010) in his study analysed “Household Saving in the Transition.” This
study explored household saving decision in Bulgaria, Hungary and Poland during
transition. The size of sample were 2466 households in Bulgaria, 8105 households
in Hungary and 16,051 households in Poland, were selected using stratified
random sampling. Log, square log, regression analysis, U shape distribution were
used in the study. The study found that women headed household had higher
saving rate, precautionary saving motives and consumption was smooth. Majority
of households had saving pattern with the exceptions of a negative link between
saving and the educational attainment of the head of the household. The study
found that household owning only a few standard durable asset exhibit higher
saving rate, ceteris paribus, consistent with the view that these household do not
have access to retail credit market and hence forced to accumulate saving and use
in durable asset purchase. It is concluded that there is a negative wealth elasticity
of household saving.

Sarah Lessem and Elizabeth (2009) studied, “Money management by low-

income households: Earning, Spending, Saving and Accessing Financial Services.”
The study aim to analyse household income and expenses, attitudes and
experiences with bank, familiar patterns of banking and saving, borrowing and
lending money, barriers to save and use of non-bank financial services with the
sample size of 77 households selected using purposive sample method. The study
found that household maintained bank account to manage money were aware of
spending and also saving more, saving account help for achieving saving goal,
improving credit, earning interest, saving money on currency exchange etc.,
household maintained bank account to manage money.

Burney (2009) examined the effect of various socio-economic and demographic

factors on household savings in Pakistan. Primary data were collected from 16580
households out of which 7443 were urban and 9104 were rural households. Data
were collected from Household Integrated Economic Survey (HIES). Ordinary
Least Square Method was employed as estimation technique. The study concluded
that income, earning status of head of household, occupation of head of household
and age square of head of household were found to be positively related and
inverse of household income, dependency ratio, education levels of head of
household, employment status of head of household, secondary earners in
household and age of household were found to have negative relationship with
households saving in urban as well as in rural Pakistan. It was also concluded that
value of Marginal Propensity to save was 0.22 in urban households and 0.37 in
rural households.

Balachandar (2008) analysed “Economic Profile and Financial Decision of Beedi

Workers in Tirunelveli.” This study aimed to investigate the mode of saving, loans
availed and source among the beedi workers. The object has been to relate the
economic status of the workers with pattern of financial and related decisions.
With the sample size of 100 respondents, selected by quota sampling method and
the data were collected through personal interviews. It is observed that investor
prefer chit funds, bank deposits, insurance, land and gold etc., and considerable
percentage of respondents were non-savers because, wages were not enough to
meet their basic family needs. They save the money in chit fund only and also got
loan from local financial institutions. This study concluded that they cannot save
much due to insufficient earnings, family crises, unexpected expenditure and
capital scarcity.

Catalina(2008) examined “Remittance Income Uncertainty and Household Asset

Accumulation.” The sample sizes of 63000 households were selected by using
random for data sampling method collection. Benchmark models, OLS were
applied for data analysis study. The study found that remittance received by
households were spend relatively more on asset accumulation as captured by their
expenditure namely human, physical and financial asset and uncertainty of
remittance inflows also play a role in household spending pattern.

Rajalaxshmi Kamath (2008) analyzed “Ramangaram Financial Diaries: Loan

repayment and cash pattern of the urban slums.” The study was conducted tracking
the three months daily cash inflow and out flows of urban slum households. The
sample size of 23 households were selected by random sampling method.
Indebtedness of many of these households to multiple 16 microfinance institutions
found. Secondly, a rather disturbing finding related to this, is that each household‟s
budget that goes towards serving loan repayments. Loan repayments viewed with
food in the expenditure profiles of most of these households. The households were
observed to recycle their debts to finance various kinds of borrowings, including
Microfinance and Self Help Group borrowings. Most of these borrowings were
taken as small sums from several entities also did not boost the use of these funds
towards productive purpose.

Newman (2008) investigated the "Determinants of Household Savings in Rural

Vietnam.” Cross Sectional data of 2324 households from 12 provinces of Vietnam
were taken by Vietnam Access to Resources Household Survey (VARHS). The
study concluded that wealthier households were more
24 likely to save; negative effects of age of household head were found; no
education effects were found; financial savings were low and share of formal
savings were relatively small in rural Vietnam. It was suggested that Government
should improve savings institutional framework.

Meenu (2007) analysed “Wealth Management and Behavioural Finance – the

effect of demographics and personality on investment choice among Indian
investors." The study aims to investigate the effect of demographic and personality
type on investment choice. The sample sizes of 500 respondents were selected by
using non-probability sampling with a mix of judgment sampling. Mann-Whitney
U-test, Kruskal-Wallis test and multivariate analysis were applied for this study. It
is observed that conservative, medium conservative and moderate investor prefer
safer investments like provident fund, post office deposit, bank fixed deposits and
NSC, whereas medium aggressive and aggressive ones go for equity shares,
derivatives and mutual fund. The study provides the evidence that investment
choice depends on and was affected by the demographic variable as well as various
personality types. The investment preferences were dynamic due to the changes in
social-economic and political atmosphere as well as introduction of new
investment avenues.

Jayabal (2006) studied the “Impact of Family Size and Family Income on the
Investment Behaviour of Salaried Class Investor.” The sample sizes of 614
respondents were selected by using multi-stage random sampling method. This
study revealed that the family income has significant influence in size of saving,
number of physical asset owned, number of insurance policies and choice criteria.
The impact of family income was more in contractual saving rather than
discretionary saving. It is concluded that the income difference has significant
impact on saving and investment activities. Family income is the very important
demographic variable for any investment behaviour studies.
 CHAPTER 3

THEORATICAL FRAMEWORK
INTRODUCTION

One of the most difficult challenges of implementing a financial plan is budgeting.

This is due to the fact that most of us live busy lives and just can't find the time to
track every financial transaction. I once thought that household budgeting software
would make it easier to stay on track, however I was wrong.

Despite the fact that budgeting software gathers, stores and analyzes financial data,
our financial situations barely improve when we use these hi-tech solutions. This
highlights a critical financial planning concept; most of the time our financial
situations will only improve when we decide to change our lifestyles. Budgeting
helps and enables us to make these sometimes necessary changes.

MEANING

The standard of living of a people is reflected in their family budgets.A family

budget is a statement which shows how family income is spent on various items of
expenditure on necessaries, comforts, luxuries, and other cultural wants.
It shows the distribution of the family income over the various items of
expenditure.

IMPORTANTS

Study of family budgets is of very great use from the economic point of view. That
is why many economic organisations devote special attention to the study of family
budgets. The economic and statistical organisation of a State Government in India
makes a special study of family budgets of different classes of the people in the
State.
To the householder, the study of this budget is very useful. He will be able to find
out from the budget before him whether his income has been properly distributed
among the various items of expenditure and also whether he has been able to
balance his budget or not. If the house-holder is to derive maximum satisfaction
from his limited income, then mapping out of expenditure beforehand is absolutely
necessary.
To the economist, the legislator and the social reformer, the value of the study of
family budgets is undoubtedly very great. They are able to form an idea of the
standard of living of the people and the measure of economic welfare which is
enjoyed by them. They are deeply interested in the economic welfare of the people,
which very much depends on the way the income is spent.
A man may have a very large income, but, if it is not spent in a rational manner, he
may not be able to derive maximum advantage from it. If the people waste most of
their income on drinks and other harmful forms of consumption, then the
economists and social reformers must sound a strong note of warning and call or
urgent reforms. Another great utility of family budgets lies in this that they greatly
help in determining the wages of labour and salaries of employees and in deciding
about the dearness allowance claimed by them.
Thus, family budgets are a mirror of the consumption of a people. On consumption
depends the standard of living, and the standard of living determines economic
efficiency, which in its turn leads to economic prosperity. There is no doubt that
the study of family budgets is very useful to the economist, to the householder, the
social reformer and the State.

FEATURES

(i) It is prepared beforehand based on a future plan of actions.

(ii) It is related to a definite future period and is based on the objectives to be
attained.
(iii) It is expressed in financial terms.
(iv) It shows planned income to be generated.
(v) It shows probable expenditure to be incurred.
(vi) It indicates the capital to be employed during the period.
FUNCTION

A family budget allows you to manage your money. You can see where your
money is coming from and where it is being spent.

TIME OF FRAME

Budgets are made on a monthly basis. Figure out how much money you make each
month and what your monthly expenses are.

SECTION

The income section includes your net pay and any other income you have. The
expenses section includes any money you spend. This would include housing,
taxes, food, transportation, entertainment, clothing, childcare or any other expense.

POTENTIAL

Create a family budget to see if there is any room to trim your expenses. You can
easily see if you are spending too much money in an area after you complete your
family budget.

ADVANTAGES
1. Budgeting helps in the proper distribution of family income for
satisfactory living.
2. It is a valuable means of comparing various items.
3. Budgeting facilitates adjusting irregular income to regular expenditure.
4. It helps to live within one’s own income.
5. By budget we can identify the unnecessary and extravagant expenditure.
6. A budget determines how a family can use all its resources.
7. Budget can help to save for future.
8. It can help in development of goods buymanship.
9. Budget keeps one free from financial worries and anxieties.
10. It encourages conscious decision making.
11. It serves as a time record for meeting future needs.
12. Budget helps in the distribution and proper allocation of income for
expenditure on different items according to the requirement of family members.
13. It serves as a financial guide of the family.
14. Since all the members of the family work together for the planning of a
budget, it induces a sense of co-operation among them.
15. Budget is very helpful where there is scarcity of money.
16. Members of the family understand their responsibilities in storing
income.
17. The family budget provides the family a record of expenditure for future use.
18. The greatest advantage is that it makes the family healthier and happier with its
means.

DISADVANTAGES

1. Budget becomes a failure in case of irregular income.

2. The illiterate people are unable to know the techniques of budget as it is a
written plan.
3. Extra expenditure cannot be met easily when a family makes a budget.
Sometimes saving becomes lower.
4. If the members of the family do not co-operate with the home maker, the budget
is becoming a failure.
5. The housewife becomes tensed when her plan of budget cannot work properly.

TYPES OF FAMILY BUDGET

Budget can be of three types:

A. Deficit budget:

When the expenditure exceeds income, it is known as deficit budget. It is not at all
desirable.

B. Surplus budget:

In this budget, the income is more than the expenditure. The family is able to save
more in this budget.

C. Balanced budget:

This is a good budget. In this budget, income and expenditure are equal and the
estimated income meets the estimated expenditure.

GET STARTED TO CREATE BUDGET

At the core of a household budget is a financial planning statement called
the statement of cash flows. This document displays and calculates all of the
income (cash inflows) and expenses (cash outflows) of an individual, family or
business.

In-order to begin drafting your budget you need to gather your financial data. Once
you have all of the documents that show your income and expenses overtime, you
can start to define your baseline. Your financial baseline is what you have earned
and spent in the past.
Once you understand what you spend your money on, you can decide to change
your lifestyle and purchasing behavior in the attempt to achieve your goals and
objectives. This is what building a household budget is all about.
Creating and sticking to a household budget is not easy, however it is one of the
best things that you can do to help increase your financial independence. You can
create a budget by gathering your financial data, creating a statement of cash flows
then forecasting what your income and expenses will be in the future.
 CHAPTER- 4

DATA ANALYSIS & INTERPRETATION

 CLASSIFICATION OF RESPONDENTS ON THE BASIS OF
THEIR AGE.
TABLE 4.1
AGE NO.OF PERCENTAGE
RESPONDENT
BELOW 20 1 1.7%
20-30 16 26.7%
30-40 15 25%
40-50 19 31.6%
ABOVE 50 9 15%
Primary data

CHART 4.1

31.6
35
26.7
30 25
25
20 15
15
10
1.7
5
0
<20 20-30 30-40 40-50 >50

Source :table 4.1

INTERPRETATION

The above table & chart shows that the classification of respondents on the basis of
their age.Out of 60 respondents,the age group of less than 20 is 1.7% , age group
of 20-30 is 26.7% ,age group of 30-40 is 25%,age group of 5040-50 is 31.6% and
age group of more than 50 is 15%.
CLASSIFICATION ON THE BASIS OF GENDER

TABLE 4.2
GENDER NO.OF PERCENTAGE
RESPONDENT
MALE 43 72%
FEMALE 17 28%
TRANS 0 0%
TOTAL 60 100%
Primary Data
CHART 4.2
GENDER
3 TRAS
0%

2 FEMALE
28%

1 MALE
72%

Source :Table 4.2

INTERPRETATION

The above table & chart show that out of 60 families of family budgeting,
72% are male and 28% are female respondents.
CLASSIFICATION ON THE BASIS OF EDUCATIONAL
QUALIFICATION

TABLE 4.3
EDUCATIONAL NO.OF PERCENTAGE
QUALIFICATION RESPONDENT
SSLC 19 32%
+2 14 23%
DEGREE 11 18%
POST GRADUATION 7 12%
DIPLOMA 4 7%
OTHER 5 8%
TOTAL 60 100%
Primary data
CHART 4.3
EDUCATIONAL QUALIFICATION

8%
7%
SSLC
32%
PLUS 2
12%
DEGREE
POST GRATUATION
DIPLOMA
18% OTHER
23%

Source : table 4.3

INTERPRETATION
The above table & chart shows that the 32% of respondents have qualification on
SSLC and 7% of respondents have qualification on diploma

CLASSIFICATION OF RESPONDENTS ON THE BASIS OF

THEIR OCCUPATION
TABLE 4.4
OCCUPATION NO.OF PERCENTAGE
RESPONDENT
WAGE/SALARY 30 50%
SELF EMPLOYED 12 20%
BUSINESS 9 15%
RETIRED 3 5%
UNABLE TO WORK 2 3.3%
OTHER 4 6.7%
TOTAL 60 100%
Primary data
CHART 4.4
6 OTHER
6.7%
OCCUPATION
5 UNABLE TO
WORK
3.3%
4 RETIRED
5%
3 BUSINESS 1 WAGE/SALARY
15% 50%

2 SELF EMPLOYED
20%

Source :table 4.4

INTERPRETATION

The above table & chart shows that the majority of respondents occupied in
 Wage/salary is 49%,self employed respondents are 20%,respondents are occupies
in business is 15%,retired respondents is 5%,unable to work respondents is 3.3%
and other is 6.7%.

CLASSIFICATION ON THE BASIS OF INCOME

TABLE 4.5
INCOME NO.OF PERCENTAGE
RESPONDENT
1000-5000 2 3.3%
5000-10000 6 10%
10000-20000 14 23.3%
20000-40000 18 30%
40000-80000 13 21.7%
80000 ABOVE 7 11.7%
TOTAL 60 100%
Primary data
CHART 4.5

INCOME RANGE
35
30
25
20
15
10 PERCENTAGE
5
0

Source :table 4.5

INTERPRETATION
The above table and chart shows that majority of respondents income included in
the range of 20000-40000 is 30% and minority of respondents income included in
the range of 1000-5000 is 3.3%.

CLASSIFICATION ON THE BASIS BELONGS

TABLE 4.6
BELONGS NO.OF PERCENTAGE
RESPONDENT
RURAL 21 35%
VILLAGE 20 33%
URBAN 18 30%
CORPORATION 1 2%
TOTAL 60 100%
Primary data
CHART 4.6
AREA OF LIVING
1 RURAL 2 VILLAGE 3 URBAN 4 CORPORATION

2%

30% 35%

33%

Source :table 4.6

INTERPRETATION
The above table & chart shows that the majority of respondents are belongs in rural
area is 35%,the respondents are belongs in village is 33%,the respondents are
belongs in urban area is 30% and the minority of respondents are belongs in
corporation area is 2%.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

FOOD.

TABLE 4.7
FOOD EXPENSES NO.OF PERCENTAGE
RESPONDENT
LESS THAN 5000 29 48.3%
5000-10000 26 43.4%
10000-15000 3 5%
MORE THAN 15000 2 3.3%
TOTAL 60 100%
Primary data

CHART 4.7

48.3
50 43.4
45
40
35
30
25
20
15
5 3.3
10
5
0
LESS THAN 5000 5000-10000 10000-15000 MORE THAN
15000

source :table 4.7

INTERPRETATION
The above table & chart shows that the majority of respondents are consuming for
their food is the limit of less than 5000 per month is 48.3% and minority of the
respondents are consuming for their food is the limit of more than 15000 per
month is 3.3%.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

EDUCATION.

TABLE 4.8
EDUCATIONAL NO.OF PERCENTAGE
EXPENDITURE RESPONDENTS
<2500 31 51.7%
2500-5000 18 30%
5000-7500 7 11.7%
>7500 4 6.6%
TOTAL 60 100%
Primary data

CHART 4.8
60
51.7
50

40
30
30

20
11.7
10 6.6

0
<2500 2500-5000 5000-7500 >7500
1 2 3 4

PERCENTAGE

Source :table 4.8

INTERPRETATION
The above table & chart shows that the majority of respondent consuming for their
educational purpose expenses is less than 2500 per month IS 51.7% and the
respondent were 6.6% of the limit of above 7500 per month.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

TRANSPORTATION.
TABLE 4.9
RANGE NO.OF PERCENTAGE
RESPONDENT
<1000 25 42%
1000-2000 20 33%
2000-3000 11 18%
>3000 4 7%
TOTAL 60 100%

primary data
CHART 4.9
 TRANSPORTATION EXPENSES
<1000 1000-2000 2000-3000 >3000

7%

18%
42%

33%

Source :table 4.9

INTERPRETATION
The above table & chart shows that tout of 60 family ,the majority of family are
consumes for the transportation purpose is limit of less than 1000 per month is
42%,and minority of family are consumes for their transportation purpose is the
limit of more than 3000 per month is 7%.
CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR
MEDICAL/HEALTH.
TABLE 4.10
MEDICAL NO.OF PERCENTAGE
EXPENDITURE RESPONDANT
<2000 29 48%
2000-4000 17 28%
4000-6000 10 17%
>6000 4 7%
TOTAL 60 100%
primary data
CHART 4.10
 >6000
MEDICAL EXPENDITURE
7%

4000-6000
17%
<2000
48%

2000-4000
28%

Source :table 4.10

INTERPRETATION
The above table & chart show that out of 60 of family respondents the majority of
family consumes for their medical expenditure is the limit of less than 2000 per
month is 48% and also the minority portion of respondents are consuming for
the medical is the limit of more than 6000 per month is 7%.
CLASSIFICATIONC ON THE BASIS OF MODE OF SPENDING.

7 6 5 4 3 2 1
MODES 1 2 3 4 5 6 7 TOTAL WEIGHTED RANK
AVG
CASH 51 4 1 2 2 1 2 404 6.3 1
CHEQUE 4 11 12 7 23 3 3 260 4.8 4
E-BANKING 0 11 23 14 7 6 0 270 4.5 3
NET BANKING 4 4 10 18 14 6 4 232 3.9 5
CREDIT CARD 0 5 4 4 5 18 25 142 2.3 6
DEBIT CARD 3 24 12 8 6 3 4 285 4.8 2
INSTALLMENT 1 1 1 7 5 22 22 127 2.1 7
TABLE 4.11
primary data
CHART 4.11

6.3
7
6 4.8 4.5 4.8
5 3.9
4
2.3 2.1
3
2
1
0

source :table 4.11

INTERPRETATION
The above table & chart shows that the 1st rank is given to cash,the 2nd rank is
given to debit card,3rd rank is given to e-banking,4th rank is given to cheque,5th
rank is given to net banking,6th rank is given to credit card and 7th rank is given to
installment/loan.
CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR
ELECTRICITY.
TABLE 4.12
ELECTRICITY NO.OF PERCENTAGE
LIMIT RESPONDENT
<500 20 3.3%
500-1000 21 35%
1000-1500 14 23.3%
>1500 5 8.3%
TOTAL 60 100%

primary data
CHART 4.12
40
35
35
30
25 23.3

20
15
10 8.3

5 3.3

0
<500 500-1000 1000-1500 >1500
1 2 3 4

PERCENTAGE

Source :table 4.12

INTERPRETATION
The above table & chart shows out of 60 respondents,35% of family consuming
electricity for the limit of 500-1000 and 3.3% of family consumes has less than
500.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

TELEPHONE/MOBILE.

TABLE 4.13
TELEPHONE NO.OF PERCENTAGE
LIMIT RESPONDENT
<250 25 41.7%
250-500 25 41.6%
500-750 5 8.3%
>750 5 8.4%
TOTAL 60 100%

primary data
CHART 4.13
50
41.7 41.6
40
30
20
8.3 8.4
10
0
<250 250-500 500-750 >750
1 2 3 4

PERCENTAGE

Source :table 4.13

INTERPRETATION
The above table & chart shows out of 60 respondents,41.7% of family are
consumes for telephone is the limit of less than 250 and 8.3% of families are
consumes the limit of 500-750.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

GAS/LPG
TABLE 4.14
GAS/LPG LIMIT NO.OF PERCENTAGE
RESPONDENT
<500 15 25%
500-1000 40 66.7%
1000-1500 3 5%
>1500 2 3.3%
TOTAL 60 100%
primary data
CHART 4.14
80
66.7
70
60
50
40
30 25
20
10 5 3.3
0
<500 500-1000 1000-1500 >1500
1 2 3 4

PERCENTAGE

source :table 4.14

INTERPRETATION
The above table & chart shows that the majority of respondents of family
consumes for purpose of GAS/LPG is less than 500-1000 per month is 66.7% and
the minority of the respondents consumes in the limit of more than 1500 is 3.3%.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

TELEVISION
TABLE 4.15
TV LIMIT NO.OF PERCENTAGE
RESPONDANT
<250 35 58.3%
250-500 18 30%
500-750 4 6.7%
>750 3 5%
TOTAL 60 100%
primary data
CHART 4.15
70
58.3
60
50
40 30
30
20
6.7 5
10
0
<250 250-500 500-750 >750
1 2 3 4

PERCENTAGE

Source:table 4.15

INTERPRETATION
The above table & chart shows that the majority of the respondents consumes for
the purpose of television is the limit of less than 250 is 58.3% and minority of
respondents use the limit of more than 750 is 5%.

CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR

NEWSPAPER.
TABLE 4.16
NEWSPAPER LIMIT NO.OF PERCENTAGE
RESPONDENT
<250 30 50%
250-500 19 31.7%
500-750 5 8.3%
>750 6 10%
TOTAL 60 100%
primary data
CHART 4.16
60
50
50

40
31.7
30

20
8.3 10
10

0
<250 250-500 500-750 >750
1 2 3 4

PERCENTAGE

Source :Table 4.16

INTERPRETATION
The above table & chart shows that that majority of respondents having a
expenture for newspaper is limit of less than 250 is 50% and minority of
respondents having expenditure the limit of 500-750 is 8.3%.
CLASSIFICATION ON THE BASIS OF MONTHLY EXPENDITURE FOR
INSTALLMENT/LOAN.
TABLE 4.17
INSTALLMENT NO.OF PERCENTAGE
LIMIT RESPONDENT
<1000 23 38.3%
1000-5000 21 35%
5000-10000 6 10%
>10000 10 16.7%
TOTAL 60 100%
primary data
CHART 4.17
45
40 38.3
35
35
30
25
20 16.7
15
10
10
5
0
<1000 1000-5000 5000-10000 >10000
1 2 3 4

PERCENTAGE

Source :Table 4.17

INTERPRETATION

The above table & chart shows that the majority of respondents of family payment
of installment or loan amount is less than 1000 is 38.3% and minority of
respondents incurred with expenses is a limit of 5000-10000 is 10%
CLASSIFICATION ON THE BASIS OF SAVING HABIT.
TABLE 4.18
CATEGORY NO.OF PERCENTAGE
 RESPONDENT
YES 44 73.3%
NO 16 26.7%
TOTAL 60 100%
primary data
CHART 4.18

73.30%
80.00%
70.00%
60.00%
50.00%
26.70%
40.00%
30.00%
20.00%
10.00%
0.00%
YES NO

Series1

Source :Table 4.18

INTERPRETATION
The above table & chart shows that out of 60 respondents of family budgeting
,73.30% of families save regularly and 26.70% of families are nothing to save .

CLASSIFICATION OF RESPONDENTS ON THE BASIS OF SAVING

PROPORTION.
TABLE 4.19
PROPORTION NO.OF PERCENTAGE
 RESPONDENT
25% 24 56%
50% 16 37%
75% 3 7%
75-100% 0 0%
TOTAL 60 100%
primary data
CHART 4.19

SAVING PROPORTION
1 25% 2 50% 3 75% 4 75-100%

0%
7%

37%
56%

Source :Table 4.19

INTERPRETATION
The above table & chart shows that the majority pf respondents are saving
proportion of 25% is 56% and minority of respondents are saving proportion of 75-
100% is 0%.

CLASSIFICATION ON THE BASIS OF SAVING OBJECTIVE

TABLE 4.20
OBJECTIVES 5 4 3 2 1 TOTAL WEIGHTED RANK
AVG
CHILDREN'S 29 13 11 2 4 238 4 3
EDUCATION
RETIREMENT 18 15 19 5 2 219 3.65 5
PLAN
HOME 39 9 11 2 0 268 4.4 2
PURCHASE
CHILDREN'S 26 8 13 4 7 216 3.6 6
MARRIAGE
HEALTH 43 10 5 0 0 270 4.5 1
CARE
FURTHER 18 17 17 6 1 222 3.7 4
BUSINESS
OTHER 13 13 19 6 6 192 3.2 7

CHART 4.20 primary data

4 3.65 4.4 3.6 4.5 3.7

6 3.2
4
2
0

WEIGHTED AVG

INTERPRETATION Source :Table 4.20

The above table & chart shows that the 1st rank is given to health care,the 2nd rank
is given to home purchase,the 3rd rank is given to children’s education,the 4th rank
is given to further business,the 5th rank is given to the retirement plan.
CLASSIFICATION ON THE BASIS OF SPENDING HABIT.
TABLE 4.21
SPENDS NO.OF PERCENTAGE
RESPONDENT
REGULAR 20 33%
OCCASION 24 40%
OFFER 13 22%
OTHER 3 5%
TOTAL 60 100%
primary data
CHART 4.21

SPENDING HABIT
1 REGULAR 2 OCCASION 3 OFFER 4 OTHER

5%

22% 33%

40%

Source :Table 4.21

INTERPRETATION
The above table & chart shows that the spending of respondents are 33% 0f
respondents are regularly spend ,40% of the respondents are occasionally
spends,22% of respondents are spend when offer and 5% of respondents are other.
CLASSIFICATION ON THE BASIS OF ATTITUDES TOWARDS
PREFERENCES OF FUTURE SAVINGS.(RANK)
TABLE 4.22
7 6 5 4 3 2 1
SCHEME 1 2 3 4 5 6 7 TOTA WEIGHT RAN
OBJECT L ED AVG K
LAND 25 15 7 4 3 3 5 315 5.25 2
GOLD 17 27 8 3 2 2 1 344 5.73 1
RENT 1 2 11 19 12 9 7 211 3.51 4
MUTUAL 2 1 5 11 11 13 17 165 2.75 6
FUND
INSURAN 2 3 12 8 16 14 4 204 3.4 5
CE
POLICY
FIXED 14 11 15 6 7 4 3 295 4.91 3
DEPOSIT
SHARE 2 0 1 9 8 12 25 128 2.13 7
CHART 4.22 primary data

PREFERENCE OF FUTURE SAVINGS

8
6
4 5.25 5.73
4.91
2 3.51 3.4
2.75 2.13 WEIGHTED AVG
0

source :Table 4.22

INTERPRETATION
The above table & chart shows that .1st rank is given to gold,2nd rank is given to land,3rd rank is
given to fixed deposit,4th rank is given to rent,5th rank is given to insurance policy ,6th rank is
given to mutual fund and 7th rank is given to the share.

SATISFACTION LEVEL OF FAMILY BUDGETING IN THE

RESPONDENTS
TABLE 4.23
LEVEL NO.OF PERCENTAGE
RESPONDENT
VERY SATISFIED 19 31.7%
SATISFIED 22 36.7%
NEUTRAL 11 18.3%
NOT SATISFIED 5 8.3%
HIGHLY NOT 3 5%
SATISFIED
TOTAL 60 100%
primary data
CHART 4.23

SATISFACTION LEVEL OF FAMILY

BUDGETING
VERY SATISFIED SATISFIED NEUTRAL NOT SATISFIED HIGHLY NOT SATISFIED

8% 5%
32%
18%

37%

Source:Table 4.23
INTERPRETATION
The above table & chart shows that 32% of respondents are very satisfied,37% are
satisfied,18% are neutral,8% are not satisfied and 5% are highly not satisfied.
 CHAPTER-5
SUMMARY,FINDINGS,SUGGESTIONS AND
CONCLUSION
SUMMARY
This research work is conducted through four chapters.

The first chapter is introduction.It includes the statement of problem,objectives of

the study,scope of the study,methodology of the study,source of data,limitations of
the study.

The second chapter includes review of the relevant literature on the basis of
family/household budgeting.

The third chapter theoretical framework of family budgeting .It includes

meaning,importants,features,advantages and disadvantages,types of family budget.

The fourth chapter deal with the analysis and interpretation of collected data from
families with the help of interview and questionnaire.The responses from the
respondents of selected sample are tabulated,analyzed and interpret.The statistical
tool,percentage are used for analyzing the data.Diagrams and chart are used for
presenting the data .

FINDINGS
*Majority of respondents in the families are occupied for wage or salary(49%)
*Majority of respondents are describes their income last month is 20,000 to 40,000
rs(30%)
*All most of the respondents are belongs to rural(35%)
*Majority of the respondent are make their monthly expenses as follows
Food :less than 5000(48.3%)
Education :less than 2500(51.7%)
Transportation :less than 1000(41.7%)
Medical :less than 2000(48.3%)
*Most of the respondents are payments are made through cash(23.4%)
*Majority of the respondents are spend their regular bill charged monthly
Electricity :500-1000(23.3%)
Telephone :less than 250(41.7%)
Gas /LPG :500-1000(66.7%)
TV :less than 250(58.3%)
Newspaper :less than 250(50%)
Installment :less than 1000(38.3%)
*The study analyzed that the73.3% of respondents are save regularly.
*Majority of saving respondents are 25% of income proportion save for future
objectives(55.9%)
*Majority of the respondents are using their savings for health care(1st
rank)
*Majority of the respondents are usually spend in occasionally (40%).
*Most of the respondents attitudes towards preferences of their future
savings in gold(1st rank)
*Majority of respondents are satisfied in their budget (37%)
SUGGESTIONS
❖ Track the spending habits.
❖ Get the whole family on board.
❖ Look for ways to increase savings.
❖ Spend time for revaluating the budget.
❖ Use list when shopping.
❖ Manage the income and expenses.
❖ Entertain at home.
❖ Talk budgeting and saving with your kids.

CONCLUSION

The study entitled “A STUDY ON FAMILY BUDGETING IN

MANJERI MUNCIPALITY”.For the purpose we selected 60 families as
sample.We prepared a questionnaire contain 19 questions to collect data.From the
analysis and interpretation of collected data,it was found that majority of
respondents life style and background is moderate and spending habit of
respondents are occasionally.
BIBLIOGRAPHY
BOOKS
1-TOTAL MONEY MAKE OVER – Dave ramsey
2-BE CENTSABLE- Crissy pate
3-YOU NEED A BUDGET- Jesse mecham
4-BUDGET BYTES- Beth moncel

WEBSITES
1-www.goodbudget.com/blog
2-www.livingwellspendingless.com/blog
3-www.budgetbytes.com
4-www.budgettravel.com
5-www.wikipedia.org

REFERENCES
Rothwell, D. W., & Sultana, N. (2012). Cash-flow and savings practices
of low-income households: Evidence from a follow-up study of IDA
participants. Journal of Social Service Research, 39(2), 281-292.

Gedela. (2012). Determinants of saving behaviour in rural and tribal

households (An empirical analysis of Visakhapatnam
District). International Journal of Research in Social Sciences, 2(3),
108.

Santhi, P. (2011). Financial inclusion through saving and investment of

urban slum women.-a case study of urban slum women of coimbatore
city.
Issahaku, H. (2011). Determinants of saving and investment in deprived
district capitals in Ghana-a case study of Nadowli in the upper west
region of Ghana.

Rehman. (2010). Households Saving Behaviour in Pakistan: A Case of

Multan District. Pakistan Journal of Social Sciences (PJSS), 30(1).

Robert I. Lesman(2010)Low income household accumulating asset and

avoid unhealthy debt

Denizer. (2010). Household savings in transition economies. The World

Bank.

Sarrah Lessem and Elizabeth (2009) money management by low income

households:Earning,spending,saving and accesing financial services

Burney .(2009). Effect of various socio-economic and demographics

factors on household savings in pakistan: a micro study. International
Journal of Humanities and Social Science, 1(10), 268-277.

Balachandar(2008)Economic profile and financial decision of beedi

workers in tirunelveli

Catalina. (2008). Remittance Income Uncertainty and Household Asset

Accumulation.

Rajalaxshmi kamath (2008). Ramanagaram Financial Diaries: Loan

repayments and cash patterns of the urban slums. IIM Bangalore
Research Paper, (268).

Newman (2008).Household Savings in Vietnam: Insights from a 2006

rural household survey.
Meenu(2007) Wealth management and behavioural finance –effect of
demographics and personality on investment choice among indian
investors.

Jayabal(2006). The impact of family size and family income on the

investment behaviour of salaried class investor.Vidwat: The Indian
Journal of Management, 3(1).
APPENDIX
QUESTIONNAIRE
Dear respondent,
I am currently pursing for B.com degree course in MIC arts and science
college,as part of my curriculum I required to do a project work
“A STUDY ON FAMILY BUDGETING IN MANJERI MUNCIPALITY”.
I am humbly requested you to special minutes filling up these
questionnaire whatever information provided by you will be kept confidential and
used only for the purpose of my study.

1)NAME :…………………………………………….

2)AGE :-
Below 20 20-30 30-40 40-50 Above 50

3)GENDER: Male Female Transgender

4)Education Qualification :
SSLC +2 Degree
Post Gratuation Diploma Other

5)Occupation
Employed for wage/salary Self employed
Business Retired
Unable to work other
6)Which of these describes your income last month
1000-5000 5000-10000
10000-20000 20000-40000
40000-80000 80000 above ,please specify……………

7)How many members in your family are unemployed?

8)Which are you belongs to :-

Rural village urban corporation

9)How much money using for your monthly expenses

Food : <5000 5000-10000 10000-15000 > 15000
Education: <2500 2500-5000 5000-7500 >7500
Transport : <1000 1000-2000 2000-3000 >3000
Medical : <2000 2000-4000 4000-6000 >6000
Others :

10)Did you Spend money through,Provide following rank

MODES RANKS
Cash
Cheque
e.banking
Net banking
Credit card
Debit card
Installments

11)How much money spend in your regular bills charged monthly in your house

Electricity : <500 500-1000 1000-1500 >1500

Telephone/Mobile : <250 250-500 500-750 >750
Gas /LPG : <500 500-1000 1000-1500 >1500
TV : <250 250-500 500-750 >750
Newspaper : <250 250-500 500-750 >750
Installment/Loan : <1000 1000-5000 5000-10000 >10000
Others :

12) Do you save Regularly?

Yes No

13)If yes what proportion of what you receive or earn do you generally try to save
25% 75%
50% 75%-100%
14)tick the following aspects to be similar for your savings objective .
Highly Favourable Neutral Highly
OBJECTIVES faovourable unfavourable unfavourable
Children’s
education
Retirement
plan
Home
purchase
Children’s
marriage
Health care
Further
business
Others

15) When do you usually spend

Regular Offer
Occasionally other

16)What about your current attitudes towards preferences of future savings

SCHEME Preference for scheme objective
OBJECTIVE RANKS
Land
Gold
Rentals
Mutual funds
Insurance policy
Fixed deposits
Shares

17)Did you prepare any family budgeting in your family?

Yes No

18)Are you satisfied in your budgeting (Tick followings)

Very satisfied
Satisfied
Neutral
Not satisfied
Highly Not satisfied

19)Did you have any suggestions about family budgeting

….Thanks….
Contact Info
NAME : SALMANUL FARISI PK
MOB NO:8606460843
E-mail :Salmanulfarisipk1998@gmail.com