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

Comments

Weekly Popular

My Daily Routine Essay For Kids | Point Wise Daily Routine Paragraph

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

453 words Essay on Winter Vacation for Class 5

My Country Essay India For Kids for Class 1, 2

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

My Aim in Life to be a Doctor Essay | Class 5

Janmashtami Essay, Krishna Jayanti | For Class 2,3,4,5,6| In English

A visit to a fair essay for Class 1 to 5