What I Know Write T on your answering notebook if the statement is correct and Fif the statement is incorrect. 1. Budgeting the family's income is one of the most difficult activities to do. 2. Children need to be taught and trained in spending the allowance allocated to them. 3. Food should be the least priority in the family's budget. 4. Education is also considered a basic need of man since this would prepare him for his future. 5. It's a must for mothers to allot or allocate a portion of family income for savings. 6. If the family's income isn't enough, the mother should keep it secret to all members of the family. 7. All of the household members must take part and cooperate in budget spending 8. The family's total income is at all times, the basis when mothers allocate the family's budget. 9. Family budgets may vary from one another because of underlying factors like the size of the family. 10. Keep in mind the important factors needing consideration in allocating the family's budget.​