Budgetting in Bangalore

I see that majority of middle-class urban kids (my family, relatives and friends) in Bangalore ranging in age from kids to teenagers and even into their early 20s are absolutely clueless about their parents incomes and the expenses and as a result of that or independent of that, are quite demanding of their parents and act entitled. (My sister would be enraged I am  implying her kids are acting entitled!) I have seen kids demand designer clothes, bikes, cars, pocket money to eat out with their friends and even parents on tight budgets give in to their demands without putting a limit or explaining the illogic of their demands. 
I would like Bangalore middle-class folks  to make a monthly expense sheet like the one below and the whole family learns where the money goes and discuss it. Off the top of my head, I can think of at least 3 uses of this exercise. (a) increased fiscal awareness (b) this awareness may lead to needed changes (c) may bring about changes in spending behaviours such as a teenager demanding less pocket money once he sees that there is no money.(d) kids become savvy regarding fiscal issues and grow into financially literate adults who balance the budget well(e) increased motivation and practice to save for a rainy day

1. Salary of member one

2. Salary of member two

3. Other incomes such as rent.

OUTGOING MONEY IN A MONTH

1)Food 

2) Water bill

3) Electricity bill

4)Phone bills(all cellphones and  Landlines  in the house)

5)Internet

6)TV cable

7)Transport: Bus pass, bus tickets, hiring autos and cars, petrol, travelling outside the city

8)Tax for property

9)Rent or mortgage

10)school fees(books, pencils, trips, etc)

11) medical expenses(eye checkup and glasses//dental checkup and fixing kid's teeth//when anyone falls sick//)

12)Toiletries: Body soap, laundry soap, shampoo, toothpaste, dish washing soap, etc

13)Pet supplies

14) gifts when attending functions such as Gruha Pravesh, weddings, munjis, birthdays, etc

15)Clothes

16)SAVING FOR FUTURE

17) Entertainment: Movies, exhibitions, eating out, pilgrimages, vacations.

18)Life insurance

19)House repairs, car repairs, etc

20) extra curricular activities for children : Tution, dance classes,etc

21)servant's salary

     23) Giving money to friends and relatives

22)MISCELLANEOUS

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Writing this, I realized something!  Putting the 'COMPLETE' truth in the budget-sheet  above may not be such a great idea. I am recalling now, that my family gave a bribe of 10,000-00 to get a 'Khata' done just a couple of days ago. I don't know how to explain this 'expense' to my ten year old nephew(if he asks)...without ruining his innocence!

Also, I wonder, how will the corrupt businessmen explain the details of their business to their kids? Do they justify their income as legitimate? Do they cover it up? What about the politicians who make crores of rupees every month? Are their kids plain dumb and don't know their parent is a thief? Are their kids equally evil and bereft of shame, of a conscience and have no qualms about their parents' ill-gotten gains? 

Breakdown of  expenses (such as food) will give a better idea:

milk per day and per month

sugar, jaggery, salt, coffee powder, tea powder, bournvita

spices

rice, ragi, wheat, other cereals

dhals

vegetables.

ready made foods

fruits

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