Republic of the Philippines

DEPARTMENT OF EDUCATION
Cordillera Administrative Region
Schools Division Office of Benguet
Tuba District
CAMP 6 ELEMENTARY SCHOOL
Camp 6, Camp 4, Tuba Benguet

HOME ECONOMICS
RESOURCES
= are things, ideas or qualities possessed by an individual or a family.
= These can also be in the form of services or properties used to produce goods and services
that meets the needs of a man.
= Good management of family resources means using the human and non human resources of
the household in attaining the family’s goal or the goals of each family member.

THE THREE IMPORTANT ELEMENTS IN RESOURCES MANAGEMENT

1. VALUES = These are what you cherish the most and what you consider as desirable
or important.
= These guide your behavior and serves as your inspiration.
Examples: honesty, cooperation, trust and love
2. GOALS = These can be implied or definite.
= It is something that you aspire to achieve.
= It can be a short-term or a long-term goal.
3. DECISIONS = These are your conclusions or judgements about a particular issue or
matter.
= Decision making involves choosing between two or more options.
= It follows a process that begins from planning and ends in evaluation.
= It is through series of choices that individuals and families define their
lives
and how they influence the lives of others.

IDENTIFYING FAMILY RESOURCES

= Family resources are human and nonhuman qualities or elements that are used to meet the
needs and wants of each family member. They may be tangible or intangible.
CLASSIFICATION OF FAMILY RESOURCES
1. HUMAN RESOURCES
= qualities of family members that contribute to their overall well-being.
= These are developed through education, skills, attitude, knowledge, energy and time.
 = TIME and ENERGY are limited resources but are considered valuable to the family.
These are the most frequently used human resource at home for productive purposes.

2. NONHUMAN or MATERIAL RESOURCES

= These are tangible family resources that are available to you for usage.
= These are essential for the achievement of most goals.
= It includes everything owned by the family like money, salary, rent, goods, house, car,
household equipment and others.
= It also includes those owned by the community to which the family belongs like water
and electricity, hospitals, schools, church, market, parks, recreational centers, transport
facilities, roads and many more.

***HOWEVER, some resources can be considered both human and material. TIME and
ENERGY can be classified as HUMAN RESOURCE but they can be considered as
MATERIAL RESOURCE when people are hired to work in exchange for money.
HUMAN ENERGY can be substituted by power tools and machines to make work easier
and fast. Out of the family resources, the most commonly used resources are TIME,
ENERGY and MONEY.

USE OF RESOURCES TO ACHIEVE GOALS

1. LONG-TERM GOAL
= A person’s important goal in life will be achieved only after years of careful
planning and work.
= These long-term goals are usually achieved one step at a time.
2. SHORT-TERM GOAL
= should be met or achieved foe a short period of time.
= It is important to evaluate the vale of all goals you set.
BASIC AND SOCIAL NEEDS
= Abraham Maslow said that no one can go up to the next level if the lower levels are not yet
met or satisfied.
SELF-ACTUALIZATION
ESTEEM
SOCIAL

SAFETY & SECURITY

PHYSIOLOGICAL

MASLOW’S HIERARCHY OF NEEDS

***At your age, PHYSIOLOGICAL and SOCIAL NEEDS are the strongest.

SOURCES OF THE FAMILY INCOME

INCOME = The money that flows into the family in exchange for goods, services or energy
rendered.
1) WAGE/SALARY = Earned for services rendered. This is the money paid to the father,
mother or children who work.
2) PROFIT FROM BUSINESS AND INVESTMENTS = are dividends from shares of
stocks and bonds that add income for the family. These includes profits made from
operating a business.
3) LEASE OF PROPERTY = are proceeds from rental of family owned real estate
properties.
4) PENSION = the income of a retired member of the family.
5) COMMISSION AND BONUS = are additional income that is over and above the regular
salary or wage received as a reward or incentive.
6) ROYALTY AND COPYRIGHT = are considered additional income for a family member
who has written a book, composed a song, or invested a thing.