What will you do if your father give a 100 rupee note.

First of all if I get a 100 rupee note legally from my parent , then I will plan it according to my strategy. First of all I will make it white money according to our Islamic law of helping poor.

Therefore I will give 2.5% of 100 ie Rs 2.50 to a poor needy student. After that I will save at least 40% of the rest for my future need. That means I will kep Rs 39.00 (40%x97.50) as saving. The rest 50 rupees (97.5-39=58.50) will be for my current expenditure.

So it is my basic financial rule. Now I will expend this money by making a priority list of my requirement. As the money is small therefore I will use it for buying small needful things.

My priority list of expenditure is : pen, pencil, scale, story book, branded chocolates, and sweets. I like having varieties of pens of different colours. So I will buy pens. As the cost of pen is around 8 rupees . Therefore the three pen will cost around Rs. 24.


Education related video! Below



Education related video! Below

Comments


Weekly Popular

Short Essay on LOKMANYA TILAK | Lokmanya Gangadar Tilak


20 lines 'My Home' Essay for Class 1 , 2| Pointwise


My Country Essay India For Kids for Class 1, 2


Rainy Day Essay For Kids | Class 1, 2 | School Essay


90 Words 'MySelf' Essay for Kids ( Point wise ) 16 Lines


My Best Friend Essay |For Class 3 | Class 2 Point wise


Essay on My Family for Class 1 , 2


Essay on 'My visit to a Park' For Class 4