Household Resource Management Concepts and Terms

Republic of the Philippines
Biliran Province State University

(formerly NAVAL STATE UNIVERSITY)
ISO 9001: 2015 CERTIFIED
HOUSEHOLD
RESOURCE
MANAGEMENT
1|Page Household Resource Management- BTLED3A by:mlsacare’20

BASIC TERMS
AND CONCEPTS
IN HOUSEHOLD
RESOURCE
MANAGEMENT
OVERVIEW OF THE MODULE
The overall aim of this module is create awareness regarding maximum

utilization of resources, in order to achieve maximum goal with in the given
time period among households. This course module offers the study of the
management of a variety of resources most often found in family systems.
This includes the interaction of families with other societal and environmental
systems in acquiring and using resources to meet goals and other demands.
Also, this provides aspiring human services professionals the expertise
needed to be key contributors to a financially literate Philippines. With this,
you can reflect upon why learning this material might benefit you in your
professional career and personal life. Engaging in the material and going
deeper will allow you to have a more meaningful experience.
The title of this module is Basic Terms and Concepts in Household Resource
Management. This is an overview of the household resource management
including the management in the family as well as in other sphere of life and
maximum utilization of their resources to meet their goals.
After completing this module, you are expected to be able to conduct a

research review on timely topics related to the field of household resource
management.
Specifically, you should be able to:
1. show and tell your ideal household; and

2. write an expository essay about the importance of values, goals, and
decision making process in household resource management.
There are two lessons in this module that will equip you with the necessary
theoretical and working knowledge and specific skills involved to prepare you
to become a responsible and effective household managers.
Lesson 1 – Introduction to Household Resource Management

Lesson 1 will provide you the foundational knowledge of household resource

management specifically on the meaning of household and resource
management. It also includes the scope and management and the philosophy
of management.
Lesson 2 - Resource Management
Lesson 2 will discuss the in-depth background of household resource

management specifically on the conceptual framework and history of resource
management, how do families use their resources and managing families.
MODULE GUIDE AND REQUIREMENTS
Welcome to the course Household Resource Management: Basic Terms and

Concepts in Household Resource Management Module 1. For this part, you
will be introduced to the module guide and requirements. You are required to
take your time reading this section thoroughly for a deeper understanding and
fulfillment of course requirements.
It is useful for you to know that each lesson can be completed in about four
weeks and you can spend 3 hours/week, if you really concentrate on it. The
module must be completed in 8 weeks.
The module utilizes the action learning model exemplified by the 4As
approach which leads you to four phases: Activity, Analysis, Abstraction, and
Application. The module has the following parts:
Let’s Try This - this part presents the pre-activity to activate your prior
knowledge and motivation in the lesson proper.
Let’s Do This—this part contains the activity for you to engage with either
individually or collaboratively in the group.
Let’s Think About This—this is the phase of the lesson that helped you to
analyze the given activity prior to the lesson proper.
Let’s Study Deeper—in this phase of the lesson, you are helped to arrive at
generalizations through the discussion of the concepts, stated facts, principles
written by authorities and scholars in the field.
Activity Reinforcement—this is a supporting activity to strengthen what you

have learned in the abstraction.
Let’s Check It Out—this is the subpart of the abstraction in which gives guide
questions to study the lesson.
Exercises—this is an another subpart of the abstraction providing you

enabling activity to strengthen your understanding of the lesson.
Think and Reflect—this is the phase of the lesson in which what has been
learned is applied in content and real-life applications.
Readings—this part provides you to connect to relevant learning resources

about the lesson.
Assessment—this is the evaluation phase of the lesson.
Let’s Remember—this part provides the summary of the lesson.

Make sure to answer first the pre-assessment before proceeding to the other
parts of the module. The entire discussion of each lesson can be access from
the given link or in the attachments provided by the teacher. There are
spaces, lines or empty pages provided for your answers of the activities or
written tasks. In case it would not be enough, you can add extra sheets for it.
Complete the readings that can be accessed from the websites / links or
books to gain more information about the lesson. Also, you can give your
takeaways (key messages learned understood) in the readings you have
done.
You are also requested to complete the suggested readings or videos of the
module in your most convenient time to improve your learnings. The rubrics
corresponding to all the performance-based tasks in the module are provided
in the appendices tools in assessing the performance tasks.
For questions or clarifications on this module, you can reach your teacher
through the following:
sacaremerlyna16@gmail.com
Merlyna L. Sacare
09421742745
FLOW OF INSTRUCTION
Lesson Focus Topics Topics Materials &
Resources
Introduction to Discuss the meaning, Meaning of household PowerPoint
Household scope and nature and resource Presentations, PDF
management. Reading files, Graphic
Resource Household Resource
organizers, Activity
Management Management.
Scope and Worksheets, Reading
Explain the philosophy significance of and Video
of management. management Links

Philosophy of
management.
Resource Define resource Conceptual PowerPoint
Management management. framework and Presentations, PDF
history of resource Reading files, Graphic
Narrate the management organizers, Activity
Conceptual Worksheets, Reading
Framework and How Do Families Use and Video
History of resource Resources? Links
management.
Managing Families
Explain how do
families use and
manage resources.
KEY TERMS
The following terms are important to your understanding of the module.
Household is consists of one or more people who live in the same dwelling
and share meals. It may also consist of a single family or another group of
people. A dwelling is considered to contain multiple households if meals or
living spaces are not shared.
Management is the coordination and administration of tasks to achieve a

goal. Such administration activities include setting the organization's strategy
and coordinating the efforts of staff to accomplish these objectives through the
application of available resources.
Resource is a source of supply, support, or aid, especially one that can be

readily drawn upon when needed. resources, the collective wealth of a country
or its means of producing wealth. Usually resources. money, or any property
that can be converted into money; assets.
Pre-Assessment
Short Answer Test. Instructions: Briefly answer the following.
1. Briefly define household resource management.
2. What is your understanding about family financial security?

3. Describe the nature of household resource management.
4. Why is it important to study household resource management?
5. What are the different basic household resources?
6. What are the basic factors that contribute to effective home management?

FEEDBACK
How well did you do the pre-test? Were you able to answer them all? You may
now compare your responses with those in the Key to Correction found on the
last page of this module. Some of your answers may not be expressed in
exactly the same words. However, as long as the ideas they express are
similar, mark them as correct.
If you correctly answered at least 5 of the 6 questions, it means that you have
a very good knowledge and understanding of the contents of the module. If
ever you got a score 3 and below, don’t worry this module will help and
provide you the important concepts, principles and the theoretical knowledge
in learning the foundations of Household Resource Management.
Are you ready to learn? I wish you an enriching and productive learning
experience. Have fun!

INTRODUCTION TO
1 HOUSEHOLD RESOURCE
MANAGEMENT
LET’S TRY THIS
Instructions. Fill in the K-W-L matrix below on What You Know, What You Want/
Need to Know and What Did You Learn about the lesson. Answer the “Know” and
“Want” before the lesson and “Learn” after the lesson.
What do you KNOW? What do you What did you LEARN?

Want/need to know?

LET’S DO THIS
Instructors: Accomplish the activities before proceeding to the next

activity/task.
 Please click the link to watch the videos about
https://www.youtube.com/results?
search_query=hOW+TO+DAILY+MANAGE+A+PRODUCTIVE+HOUSE
HOLD
 Take note the important concepts you learned from watching the video
clips.
LET’S THINK ABOUT THIS
After you watch the video, answer the following questions.

1. What can you say about the activity?
2. Based on the video, What is the most important aspect of management?
3. What striking advise did you get from the speaker about household
management? Explain.
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4. The speaker mentioned about “meal planning”. Why do you think this is
important?
LET’S STUDY DEEPER
The following section will provide you important details about the lesson.
INTRODUCTION TO HOUSEHOLD
RESOURCE MANAGEMENT
Introduction
All of us want to lead a peaceful and fulfilling life. We want to get good food,
clothing, education and a house for comfortable living. Do you think that all
families get all these things? How will you know that all families enjoy a
comfortable and happy life? Observe the families living around you. Despite
living in the same locality, same kind of house with almost the same amount of
income and family size, you will found that those some of them are happy and
well-settled, while some others are dissatisfied.
Do you know the reason for these difference? What can be done to ensure
that all families are happy and satisfied? Let us find out how we can help
families to achieve this.
Resources
When you want to buy a dress, you need money. Similarly, when you want to
go to your friend’s house, you will walk or use a vehicle. You will need land
and money when your family wants to build a house. In the same way, we
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need resources like knowledge, material things, skills, etc. to perform all our
activities. Thus, we find that we need a lot of things to do our day-to-day
chores. These can be called “resources”. Therefore, we can say that the
means used to meet our needs are called resources.
Types of Resources
You have earlier seen that we have so many resources like money, time, land,
knowledge, etc.
 Money and salary, rent, interests from saving bank accounts;
 Your house for living and working;
 Time, like an hour a day, month, etc.;
 Energy to work;
 Knowledge, skills and abilities for doing work, like sewing, driving, swimming,
etc.
 Material goods like household equipment, car, etc.;
 Community facilities like park, hospitals, roads, bus, etc.
When you look at this list carefully, you will realize that there is a difference
between resources like money, house, equipment, etc. and resources like
knowledge, time, skills and abilities. A house or an equipment would have a
fixed cost for everyone, i.e. anyone can buy these things at the same price.
However, your knowledge or skill can be very valuable for you and your family
while it may not be of the same utility to others.
Your energy is a resource for you and can be used to do any work that you
want to do. But your energy cannot be used by others to perform what they
want to do. Similarly, if your mother has the skill of being a doctor, it is
something which belongs to her and only she can use it.
Thus, some resources become a part of individual and can be used only by
that person. Such resources is called “human resources”. Examples of human
resources are time, energy, knowledge, skills and abilities.
RESOURCES
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agement- BTLED3A
by:mlsacare’20 -money
-house
Human
-time
-energy
-skills
-abilities
Characteristics of Resources
1. Resources are Useful: Resources can be used to fulfill our needs and
wants. That is why they are called “resources”.
2. Resources are limited in supply: Every resource is limited in supply.
You have only 24 hours in a day. Similarly, the salary obtained in cash is also
fixed. You have only limited supply of energy. In the same manner, resources
like water, electricity, fuel, etc., are all limited in supply. To get maximum
benefit, we must make efforts to conserve them.
3. Resources are interrelated: When you work, you need resources like
time, energy, skills, equipment, etc. Without adequate supply of time and skill,
you will not be able to use your energy to operate the equipment. Thus, you
will realize that all these resources are used at the same time because their
uses are inter-related.
4. Resources have alternate use: Most resources have alternate uses.

For example you can use the same time for a number of activities like cooking,
studying, or watching television. Similarly, you can use your family savings for
the purchase of a house, equipment or for higher studies. Thus, resources
have alternate uses.
5. Resources can be substituted: To achieve the same goal, we can use

one resource or the other. To reach your school or office, you may use your
energy and time resource by walking or use money resource by traveling in a
bus. Therefore, once resource can be substituted for of the use of another
resource.
Ways of Maximizing Satisfaction
While using resources, we have to ensure that we utilize them in such a way
that we get maximum benefit from their use. This way we will be able to get

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maximum satisfaction. The different ways by which we can achieve this are
listed below.
 Identify all the available resources

 Make use the only right amount of resources
 Substitute the less expensive resources for the expensive ones
 Develop the habits that can enhance the use of resources
 Cultivate practices to increase the availability of resources
 Learn to share resources so that you do not deprive others of their
use
 Do not waste resources
Management
Management is the manner of handling an institution- be it a firm, or farm or

an industry or a family. Family Resource management cuts across different
areas of living. This was earlier called as home Management.
The home management term was first introduced by Maria Parloa in 1880
which simply meant anything that need to be accomplished with in the
household. It included all household activities like ironing, cleaning, planning a
party/ function, social behavior and so forth. Since Management relates to the
resources, home management changed its no-
menclature to family resource management. In simple words management
means ‘using what you have to get what you want’.
Management is an important component of family living.

Home management consists of purposeful behavior of all family members
leading to the creation and use of resources to realize the goals of family
members. All modern management techniques are needed for efficient and
economic handling of family resources. Family has greater dimensions as it
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relates to people living together with affinity, affection and mutual

understanding. This necessitates identification and understanding of
interpersonal relationships of all age groups within the family first and with the
community at large.
The Home maker is the central point of any family and its activities. All family
activities revolve around her. Hence effective management depends on the
managerial abilities, interest, and leadership qualities of the home maker and
also her ability to motivate the family members in the right direction of
achieving the desired goals.
All management activities of the family are directed towards achievement of

family goals, which ultimately leads to maximum satisfaction of the family
members. For this the family members use the resources available with them
and work towards creation of needed resources for achievement of family
goals. These resources include time, energy, money along with the internal
human resources like knowledge, skill, abilities etc.
Activity Reinforcement: Please click these links to learn more about

resources and management:
 http://ecoursesonline.iasri.res.in/mod/page/view.php?id=27906
 http://dpaweb.hss.state.ak.us/manuals/fs/602/602-2_a.htm
LET’S CHECK IT OUT
The following questions are intended to emphasize important ideas within the
lesson.
1. Briefly describe resources and management.
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2. Explain the difference of human resources and non-human resources.

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3. How important planning and management? Explain.

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4. How to achieve satisfaction?

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Exercise 1
Instructions: List all your own and your family members’ human
resources. Also, suggest two possible goals each that you and your
family can achieve using these resources
(Space provided for the answer)

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FEEDBACK
How well did you do the exercise? You may now compare your responses
with those in the Key to Correction found on the last page of this module.
If your score is 7 and above, it means you are doing great. If your score is 4
and below, it’s okay you can retake the exercise after you will restudy the
specific topics in this lesson.
You already unlocked the important concepts about household resource

management. The next topics will enable you to recognize the scope and
significance and philosophy of household resource management. Let’s keep
going!
LET’S STUDY DEEPER
SCOPE AND SIGNIFICANCE OF MANAGEMENT
Scope and Significance of Management

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During the present state of turmoil in the country, many political, social,
economic, technological and other changes are taking place and the families
have no other go except to cop up with the pressure of imbalanced economy
and social life. Human needs and desires change through time, research
progress and development, new technologies created etc.
In this process man gains more knowledge and controller over the natural and
technological environment. To meet the modern time demands, there is a
need for the members of the family to think and the make decision at each
and every step. Hence here comes the role of management in the families.
Let us now imagine what could have happened if you had not done or
managed what you had planned to do, as listed earlier? Yes, you could have
faced some of the following problems:
• You could have reached the station late.

• Without a proper ticket, you may have had to cancel your journey.
• You could have missed packing your food or drinking water.
• You may have found your grandparent’s house locked when you reached
there.
You will now agree that management is an important tool even to make a
simple job like making your trip a success. Similarly, many other situations in
our life also need management. We can therefore say that management plays
a significant role in our day-to-day life. Management helps you to:
reach your goals,

 achieve what you want,
 utilize your resources properly,
 make your life more systematic,
 avoid wastage of resources,
 increase efficiency in work situations,
 achieve a better standard of life.
PHILOSOPHY OF MANAGEMENT
Philosophy of Management
Management is a combination of fundamental philosophical thinking with

simple techniques. It is essential to understand the depth and challenges of
any home activity along with finding out the technique of performing it.

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Let us take managing the family income. Here budgeting technique is very
important, where one plans the expenditure essential to be made well in
advance. If there is lack of awareness about the philosophical background for
the budget planned, then it becomes impractical and questionable. The way a
family uses its income whether blindly or consciously, is an expression of its
philosophy of living.
For example if the family gives importance to day to day presentability of its
living according to the changing trends, may decide to spend more on day to
day living than saving for the future security.
But families which give philosophical thinking to the future financial security,
may sacrifice some of their present needs to save for the future. These
families may use other resources instead of money, to meet their present
needs. Hence it is necessary for the families to formulate its philosophy clearly
so that it becomes easy for the family members to channelize the major
resources for productive purposes.
In order to succeed in utilization of resources, it is necessary to understand

the fundamental values carefully. Once the philosophical choices are made
and values are accepted, the technique of management falls in line readily.
Activity Reinforcement: Please click this link to learn more about

scope and signature of management:
 https://ecoursesonline.iasri.res.in/mod/page/viwe.php?id=27906

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Let’s Check it Out:
The following questions are intended to emphasize important ideas within the
lesson.
1. Explain the words the essence of planning and management.

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2. How do you manage things such as in school, home, relationship?

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3. Based on your own experience, how do you handle situations caused by

failed management?
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Exercise 2
Muddiest Point Instructions: Cite at least one struggle that you always
experience in school and explain how you manage to cope it up.
(Space provided for the answers)

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FEEDBACK
How well did you do the exercise? You may now compare your responses
with those in the Key to Correction WILL BE POSTED to our goggle
classroom after all submitted their answer.
You may now proceed to the next activity.
THINK & REFLECT

Instructions: Briefly answer the following and provide concrete and relevant
examples.
1. Your friend wants to become a doctor. She is living with her parents and a
brother who wants to become an Engineer. Both of them are studying in
private schools. Now state:
a. resources they will need to reach their goals

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b. categorize to which these resources belong

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2. Let us say both of their parents don’t have source of income. What do you
think will happen to them and what is your idea so they could survive?
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SUGGESTED READINGS
The following websites are the extensive teacher resources that
contain reading materials. Read it in your most convenient time for
the purpose of improving your foundational knowledge of the lesson.
You are also to give your takeaways (key message
learned/understood) in the respective readings you have done.
• http://ecoursesonline.iasri.res.in/mod/page/view.php?id=27906
• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-
american-family-goldsmith-e.b.-and-goldsmith-e.-b.-2003.-
resource-management.-in-j.-j.-ponzetti-jr.-ed.international-
encyclopedia-of-marriage-and-family-2nd-ed..-farmington-m
• http://www.fao.org/3/y5312e/y5312e00.htm
• http://dpaweb.hss.state.ak.us/manuals/fs/602/602-2_a.htm
ASSESSMENT
Performance Task. You are required to accomplish the task before

proceeding to the next lesson.
Show and Tell: Draw and describe your ideal household using the knowledge
that you learned in this lesson.
These are the criteria:

 Illustration and Content
 Relevance and Organization
 Grammar and Fluency
 Synthesis
Refer to the Rubric next page

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Show and Tell RUBRIC
Instructions: Your Show and Tell output about your ideal household will be
graded based on this rubric. Consequently, use this rubric as a guide when
writing your essay and check it again before you submit it.
Poor (1) Fair (3) Good (5)

Illustration Student was able Student was able Student was able
and Content to illustrate and to illustrate and to illustrate and
describe something describe describe
interesting or something something
memorable about interesting or interesting or
the topic , but was memorable about memorable about
not able to explain the topic , but was the topic, and
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what made it not able to explain explain why it

historically what made it was historically
interesting or historically interesting or
memorable. interesting or memorable.
memorable.
Relevance Student could not Student could Student could
and describe relevant describe one describe two or
Organizationidea about the relevant ideas more relevant
topic, and the about topic, and ideas about topic,
historical the historical and the historical
significance of that significance of significance of
idea. those ideas. those ideas.
Grammar and There are There are some Generally free of
Fluency accumulation of errors most errors
errors.
Synthesis Student could not Student could Student could
state the main somewhat state clearly state the
purpose of the the main purpose main purpose of
activity. of the activity. the activity.
FEEDBACK
How well did you do the assessment task? You may now compare your
responses on the content application questions with those in the Key to
Correction will be posted in our goggle classroom right after you have been
all submitted your answers. It might be that some of your answers may not be
stated in exactly the same words in the answers key. However, as long as the
ideas expressed are similar, you can mark them as correct.
LET’S REMEMBER
In this lesson, you learned that:

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• Every household needs resources. It could be in a form of human

resources or non-human resources.
• Resources are useful however limited that is why everyone are

encourage to conserve. Also, resources are interrelated thus can be
substituted and can be used as alternative.
• While using resources, we have to ensure that we utilize them in such a

way that we get maximum benefit from their use. This way we will be able
to get maximum satisfaction.
• Management is the manner of handling an institution- be it a firm, or farm

or an industry or a family. Family Resource management cuts across
different areas of living. This was earlier called as home Management.
• All management activities of the family are directed towards achievement

of family goals, which ultimately leads to maximum satisfaction of the
family members. For this the family members use the resources available
with them and work towards creation of needed resources for
achievement of family goals. These resources include time, energy,
money along with the internal human resources like knowledge, skill,
abilities etc.
Congratulations! You are ready to the next lesson
Send your output to sacaremerlyn16@gmail.com

and a feedback will be given after the evaluation.
Please refer to the attached Rubric in the Appendices.
REFERENCES
• Bubolz, M.; Axinn, N.; Mitsifer, D.; Nelson, L.; Wenberg, B. (2012).
Beatrice Paolucci: Shaping Destiny through Everyday Life. Michigan
State University East Lansing.
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• Deacon, R.; Firebaugh, F. (1988). Family Resource Management, 2nd

edition. Allyn and Bacon Boston.
• Fujimoto, T.; Aoki, K. (2009). "What to Recognize from Everyday Life in
Interaction of Man, Matter, Life and Environments." In New Approaches to
the Study of Everyday Life: Proceedings of the International Household
and Family Research Conference, May 31-June 3, 1998, Helsinki,
Finland.
• Goldsmith, E. (2010). Resource Management for Individuals and
Families, 2nd edition. Wadsworth Belmont, CA.
• Goldsmith, E. (2011). Personal Finance. Wadsworth Belmont, CA.
• Lee, H. (2000). "The Effects of Family Resources and Social Support on
Family Functioning Style among Korean Immigrant Families in the U.S."
Journal of Family and Consumer Sciences. 92(3):66.
• Maslow, A. (1954). Motivation and Personality. Harper and Row New
York.

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Household Resource Management Concepts and Terms

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Household Resource Management Concepts and Terms

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Republic of the Philippines

Biliran Province State University

1|Page Household Resource Management- BTLED3A by:mlsacare’20

OVERVIEW OF THE MODULE

The overall aim of this module is create awareness regarding maximum

After completing this module, you are expected to be able to conduct a

Specifically, you should be able to:

1. show and tell your ideal household; and

Lesson 1 – Introduction to Household Resource Management

3|Page Household Resource Management- BTLED3A by:mlsacare’20

Lesson 1 will provide you the foundational knowledge of household resource

Lesson 2 - Resource Management

Lesson 2 will discuss the in-depth background of household resource

MODULE GUIDE AND REQUIREMENTS

Welcome to the course Household Resource Management: Basic Terms and

Activity Reinforcement—this is a supporting activity to strengthen what you

Exercises—this is an another subpart of the abstraction providing you

Readings—this part provides you to connect to relevant learning resources

Assessment—this is the evaluation phase of the lesson.

Let’s Remember—this part provides the summary of the lesson.

5|Page Household Resource Management- BTLED3A by:mlsacare’20

The following terms are important to your understanding of the module.

Management is the coordination and administration of tasks to achieve a

Resource is a source of supply, support, or aid, especially one that can be

Short Answer Test. Instructions: Briefly answer the following.

1. Briefly define household resource management.

2. What is your understanding about family financial security?

6|Page Household Resource Management- BTLED3A by:mlsacare’20

3. Describe the nature of household resource management.

4. Why is it important to study household resource management?

5. What are the different basic household resources?

7|Page Household Resource Management- BTLED3A by:mlsacare’20

8|Page Household Resource Management- BTLED3A by:mlsacare’20

LET’S TRY THIS

What do you KNOW? What do you What did you LEARN?

9|Page Household Resource Management- BTLED3A by:mlsacare’20

Instructors: Accomplish the activities before proceeding to the next

LET’S THINK ABOUT THIS

After you watch the video, answer the following questions.

2. Based on the video, What is the most important aspect of management?

10 | Page Household Resource Management- BTLED3A

LET’S STUDY DEEPER

12 | Page Household Resource M a n Non-Human

4. Resources have alternate use: Most resources have alternate uses.

5. Resources can be substituted: To achieve the same goal, we can use

Ways of Maximizing Satisfaction

13 | Page Household Resource Management- BTLED3A

 Identify all the available resources

Management is the manner of handling an institution- be it a firm, or farm or

Management is an important component of family living.

relates to people living together with affinity, affection and mutual

All management activities of the family are directed towards achievement of

Activity Reinforcement: Please click these links to learn more about

LET’S CHECK IT OUT

15 | Page Household Resource Management- BTLED3A

2. Explain the difference of human resources and non-human resources.

3. How important planning and management? Explain.

4. How to achieve satisfaction?

(Space provided for the answer)

16 | Page Household Resource Management- BTLED3A

You already unlocked the important concepts about household resource

LET’S STUDY DEEPER

SCOPE AND SIGNIFICANCE OF MANAGEMENT