Grade e6

Acttivitty She
S ets
Q arte
Qua er 2 Weeek 1
Name:
Grade/Section:
Date: _______________ Total Score: 0

Management of Family Resources

Learning Competency:
- Identifies family resources and needs (human, material, and non-material)
(TLE6HE-0a-1)
- Enumerates resources of family income (TLEHE-0a-2)
- Allocates budget for basic and social needs such as:
1.1.1 food and clothing
1.1.2 shelter and education
1.1.3 social needs, social and moral obligations
1.1.4 saving/emergency budget (health, house repair)
(TLEHE-0a-3)

Objectives:
1. Define family resources
2. Identify lists of family resources
3. Explain the types of family resources
5. Identify basic and social needs

Concept:
Family resources can be human or non-human/material. The human
resources refer to the family members themselves, their abilities,
intelligence, health, attitudes, values, and beliefs. The non-human resources
are the properties, assets, goods, money, and other inherited or owned
resources, lot, and facilities that the family has acquired through the years.
Of all these resources, time, energy, and money are the most used.

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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 A budget is a plan for using available money for reaching goals. A
realistic plan for managing your money will begin with a list of your
available resources.

Types of Family Resources

Family resources are those which the family possesses and makes use of to
achieve family goals. Family resources are of two types:
1. Human Resources - are those which refer to family members and
what each one possesses.
a. Abilities and skills, both native and acquired
b. Attitudes, which include ideas, opinions, inclinations, biases, and
feelings towards something.
c. knowledge, include facts and information.
d. Energy or the capacity to do work. Members of the family must be in good
health, sound mind and body to be able to do their assigned work effectively.

2. Non-human or Material Resources – are things and elements which

are available to the family and to everyone.
a. Time – It is usually measured in terms of clock time, days, weeks,
months, and year.
b. Money – is the purchasing power that helps one to acquire needed goods
and services
c. Good and property can be durable, non-perishable, and perishable. These
include food item, furniture appliances, tools, and equipment owned and
used by the family.
d. Community facilities available to the family include police station, park
roads, public school and library, health center, government hospital.
e. Environmental resources which include rain, sunlight, air, and soil help
man provide for his basic needs such as food, shelter, and clothing.

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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Sources of Family Income
1. Salaries/Wages – money earned from working as employees of a
commercial/industrial services companies.
2. Commission – money earned from selling real estate, insurance,
appliances, educational plans, life plan.
3. Bonus – money given as additional to a regular income as recognition for
several years of service in a company.
4. Fees from services – money earned from services rendered such as repair
of appliances/vehicles, consultations, doing laundry, catering, baking cakes
etc.
5. Pension – money granted by the government or private companies upon
one`s retirement from service.
6. Profit – money earned from operating a business.

Budget
A budget is the amount of money set aside for planned expenses. It is a plan
specifying how much money will be spent or allocated during a particular
period.
Budgeting is related to the wise use of family resources. It is based on the
system by which wages, or salaries are received and how these are to be
spent by itemizing the needs of the family and how much money is needed
to meet such needs.

Components or elements of a family budget

• Food – groceries, raw and cooked food, staples, condiments, and
spices
• Shelter – if not renting, includes taxes, repair, and maintenance
• Clothing – uniforms, clothes, and accessories
• Education – tuition fees, books, daily food, transportation allowance of
children

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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 • Household operations – things needed in the house, beddings,
curtains, furniture, and other paraphernalia to make members
comfortable
• Utilities – electric, water, and telephone bills, gas, salaries of helpers
• Health – medicine, check-up
• Recreation – family outings, outside dining, watching movies
• Savings – the amount set aside or deposited in the bank

Allocation of Family Budget

A family budget may differ from one family size and composition, family
values and standards of living. Some families may spend more on food,
others on clothing and still others on education.
The values of the family influence its priorities.

How to manage family resources efficiently:

• Inform all the members of the family about the budget.
• Make an adjustment to your budget, as necessary. Keep within the
amount allocated for budget items.
• Choose a simple lifestyle that you can sustain with your earnings.
• Buy only things that are needed.
• Schedule your expenses.
• Follow a shopping and marketing schedule.
• Avoid making unscheduled, unplanned purchases especially at a store
you are not familiar with.
• Teach the children to spend their allowance wisely.
• Conserve energy and other utilities.
• Recycle or reuse materials.
• Repair appliances and furniture as needed.
• Take good care of your belongings.
• Buy products that are of good quality and reasonable price.

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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Needs and wants of the family
Needs are materials which the family members need to survive on a day-to-
day basis. Food, shelter, and clothing are basic needs. Today, however,
education, transportation, lights, and water are also considered needs.
Wants, on the other hand, are materials that the family members desire to
have. They can be postponed if the budget is not enough but can be
purchased if the budget allows it.

Activity 1:
A. Write True if the statement is correct and False if the statement is
wrong.

_____ 1. Planning is mostly a thinking process. Family resources are

those used by the family in doing household work.
_____ 2. Children should not share in managing the home.
_____ 3. Management is part of the family living.
_____ 4. Cell phones, books, computers, and laptops are basic items
that one needs from day to day.
_____ 5. One important consideration in making a list of expenditures
is to know your priorities.
_____ 6. Needs first before wants.

B. Enumerate the following:

List 5 examples of human resources non-human/material resources

1. _________________________ 4. ___________________________
2. _________________________ 5. ___________________________
3. _________________________ 6. ___________________________

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

5
Activity 2:
How can you help in the effective implementation of your family budget?

Put a check (√) on the blank before each number and (X) if not.

_____ 1. I save a part of my daily allowance for future use.

_____ 2. I buy only the things which is needed and within the allotted
budget.
_____ 3. I do not stick to my market list when buying.
_____ 4. I recycle my used notebooks, pens, etc. so that I can use it again.
_____ 5. I mend tears on my clothes right away to avoid buying a new one.
_____ 6. I buy unlabeled canned goods with dents and scratches to save
money.

Activity 3:
Identify the components of a family budget.

___________ 1. Rice, coffee, bread

___________ 2. House repair, house rental, amortization
___________ 3. Underwear’s, jackets, t-shirts
___________ 4. Tuition fees, notebooks, school bag
___________ 5. Electric fan, dining set, kitchen wares
___________ 6. Salary of workers, water bills telephone bill
___________ 7. Doctor’s fee, medicines, laboratory tests
___________ 8. Field trip, swimming, outing
___________ 9. Deposits, investments, insurance
___________ 10. Fruits, vegetables, fish

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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Reference:
Leonora David Basbas, Ph.D., Learning and Living in the 21st Century.
Worktext in Home Economics and Livelihood Education, pp179-186

Sherwin D. Alonzo Sittie Aine G. Macatbar

Writer Layout Artist
Dawis Elementary School Ramon Magsaysay Central ES
Digos Oriental District Digos Oriental District

Learning Materials are for nonprofit educational purposes which are exclusively used for
Schools Division of Digos City only. Copies are not for sale.

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Para sa mga katanungan o puna, sumulat o tumawag sa:

Department of Education - Bureau of Learning Resources (DepEd-BLR)

Ground Floor, Bonifacio Bldg., DepEd Complex

Meralco Avenue, Pasig City, Philippines 1600

Telefax: (632) 8634-1072; 8634-1054; 8631-4985

Email Address: blr.lrqad@deped.gov.ph * blr.lrpd@deped.gov.ph