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Asked: 2026-10-11T06:01:07+00:00 In:

Suppose you and your friends need to buy new badminton rackets for an upcoming tournament because the old ones have worn out. How would you manage your budget to cover the cost? Would you cut back on other expenses, use your savings or borrow the amount from your parents or friends?

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I would manage the cost by combining my accumulated pocket money savings with a temporary cutback on non-essential spending, like snacks and entertainment. I would avoid borrowing, ensuring financial discipline and timely purchase.

CBSE Class 9 Social Science part 2 Chapter 5 Solutions

Class 9 Social Science Part 2 Chapter 5 Managing Your Personal Finances Question Answer

how would you manage your budget to cover the costwould you cut back on other expensesyou and your friends need to buy new badminton rackets
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    1. To purchase the badminton rackets without taking loans, I would prioritize using my accumulated pocket money savings. To bridge any remaining shortfall, I would cut back on discretionary expenses, such as outside snacks and entertainment, over the coming weeks. Avoiding borrowing preserves financial independence and instills the discipline of living strictly within my personal available financial means.

       

      For more NCERT Solutions of Class 9 Social Science Part 2 Chapter 5 Managing Your Personal Finances Question Answer (2026-27)

      https://www.tiwariacademy.com/ncert-solutions/class-9/social-science/part-2-chapter-5/

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