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TLE
Quarter 3 – Module 1
Lesson 2: Source of Family
Income
Technoloy and Livelihood Education – Grade 6
Quarter 3 – Home Economics
Module 1 - Lesson 2: Source of Family Income
First Edition, 2020

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Department of Education – Region XI Davao City Division

Office Address : DepEd Davao City Division, E. Quirino Ave.,

Davao City, Davao del Sur, Philippines
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E-mail Address : info@deped-davaocity.ph
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TLE
Quarter 3 – Module 1
Lesson 2: Source of Family
Income
Introductory Message
For the facilitator:
As a facilitator, you are expected to orient the learners on how to
use this module. You also need to keep track of the learners' progress
while allowing them to manage their own learning at home.
Furthermore, you are expected to encourage and assist the learners as
they do the tasks included in the module.

For the learner:

As a learner, you must learn to become responsible of your own
learning. Take time to read, understand, and perform the different
activities in the module.
As you go through the different activities of this module be
reminded of the following:
1. Use the module with care. Do not put unnecessary mark/s on any
part of the module. Use a separate sheet of paper in answering the
exercises.
2. Don’t forget to answer Let Us Try before moving on to the other
activities.
3. Read the instructions carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking
your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are done.
If you encounter any difficulty in answering the tasks in this
module, do not hesitate to consult your teacher or facilitator. Always
bear in mind that you are not alone. We hope that through this material,
you will experience meaningful learning and gain deep understanding
of the relevant competencies. You can do it!

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 Let Us Learn
This module was designed and written with you in mind. It is here to
help you master the Family Resources and Needs. The scope of this module
permits it to be used in many different learning situations. The language used
recognized the diverse vocabulary level of students. The lessons are arranged
to follow the standard sequence of the course. But the order in which you read
them can be changed to correspond with the textbook you are now using.

This applies knowledge and skills and develops one's interest in

animal/ fish raising, cooking, sewing, etc. It also manages family resources
applying the principles of home management.

After going through this module, you are expected to enumerate sources of
family income. TLE6HE-0a-2

Let Us Try

Read the questions cautiously and encircle the letter of the correct
answer.

1. What kind of income does proper utilization of all these can increase the
real income of the family?
a. Money Income
b. Real Income
c. Family Income
d. Psychic Income

2. What do you call the combined money earned by father and mother (if
she/he is working) and other working members of the family?
a. Income
b. Dividends
c. Bonus
d. Salary

3. What is the money that an individual or business receives in exchange for

providing goods or services?
a. Rentals
b. Income
c. Bonus
d. Dividends

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4. What is the flow of satisfaction derived by the family from the use of money
income, experienced over a given period by the proper utilization of money
income and real income?
a. Money Income
b. Real Income
c. Family Income
d. Psychic Income

5. Which among the situation helps you in spending your money wisely?
a. Make a list of all the needed in the house.
b. Shop at the farthest market.
c. Buy fruits that not in season.
d. Bought some expensive things.

Let Us Study

These days family pay has expanded and greater with more individuals
from the family winning a living. With the increased of pay, there is comparing
increment in consumption. Consumption ought to be arranged with the goal
that it doesn't surpass the pay. To have the option to do this, setting up a
spending plan is essential.
Family salary is joined cash of the two workers in the family. It speaks
to the aggregate sum of cash that goes into the family treasury toward the
finish of the period.

Income

Is the cash that an individual or business gets in return for giving

merchandise or administrations.
Family Income
This is the joined cash earned by father and mother (on the off chance
that she/he is working) and other working individuals from the family.
Sources of Family Income
➢ Salaries/Wages – cash earned from filling in as workers of a
business/mechanical administrations organizations
➢ Commission – cash earned from selling land
➢ Bonus – cash given as expansion to a normal pay
➢ Fees from services – cash earned from administrations rendered, for
example, fix of apparatuses
➢ Pension – cash allowed by the legislature or privately owned businesses
➢ Profit – cash earned from working a business combination of reports

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Sorts of Family Income
➢ Money Income
➢ Real Income
➢ Psychic Income

The real income of the family consists of:

➢ Inherited land property, which yields crops for the family.
➢ Food harvested by a kitchen garden.
➢ Dairy cultivating and poultry cultivating.
➢ Durable merchandise and products possessed by the family.
➢ Kneading, weaving, fitting, pickling, preparing and exercises completed
in home.
➢ All sorts of information and administrations (Household exercises) gave
by the individuals from the family.
➢ Community offices like parks, markets, medical clinics, streets,
schools, universities, libraries, dispensaries, fire and police assurance,
network amusements, social focuses and so on.
➢ Proper use of all these can expand the genuine pay of the family.

Psychic Income
This salary is the progression of fulfillment got by the family from the
utilization of cash pay, experienced over a given period by the correct use of
cash pay and genuine pay.
We should boost mystic pay, in light of the fact that we will probably
drive most extreme fulfillment and harmony from life. It is as remunerations
( as in esteem, recreation, or charming environmental factors) not quantifiable
regarding cash or merchandise but rather filling in as a motivating force to
work in specific occupations or circumstances an inventive craftsman can
harvest a clairvoyant pay that cash can't coordinate.
Total Income
Comprises of cash salary got over a specific period and the genuine pay
got during a similar period from different sources without going through one's
own cash pay. The family uses this absolute pay to get products and ventures
for the fulfillment of its needs and sets aside some unused cash salary for
some time later, blessings to different people or installment of charges.
The following are some useful tips on wise money spending.
➢ Make a rundown of all of the required matters to refrain from
purchasing matters that are little or no required.Incorporate the sort,
size, shading and costs to be purchased.

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 ➢ Compare the price of the wares with be purchased, do
not accept objects that are expensive.

➢ Buy foods grown from the floor in season to make certain of

their newness, modest cost, and their outstanding quality.

➢ Buy in mass nourishments which are required every day.

➢ Know the much less overpriced fixings that can

be applied an opportunity for high-priced matters,

➢ Shop at the market closest your place. You ought to be comfortable with
the stores offering the most minimal costs for every product. Have a
perpetual store or staple where you buy the required things to
guarantee the great quality and standard cost.

➢ Limit your costs inside the measure of cash that you have yet make
certain to purchase what you have recorded.

Let Us Practice

Classify the following income according to the three types of family income

Monthly salary Weekly wages

Invitation to dinner Orchard (farm)
Trip to Hongkong reward Rice plantation
Interest from deposits (RENT from apartment) Vegetable garden

Money Income Real Income Psychic Income

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 Let Us Practice More

Identify the source of income describes in each item. Choose the correct
answer inside the box.

Profit Pension
Bonus Commission
Fees from services Salaries/Wages

_______________1. Cash earned from working a business combination

of reports.
_______________2. Cash earned from selling land
_______________3. Cash earned from administrations rendered, for
example, fix of apparatuses.
_______________4. Cash earned from filling in as workers of a
business/mechanical administrations organizations
5. Cash allowed by the legislature or privately owned
businesses.
_______________ 6. Cash given as expansion to a normal pay.

Let Us Remember

Answer and explain the following questions. Write your answer in

your notebook.
1. What are the different family resources?
2. How can you manage family resources wisely?
3. Why should you learn how to manage your time, money, and energy?

Let Us Assess
A. Underline the correct answer.
1. (Income, Bonuses, Pension) is the money that an individual or business
receives in exchange for providing goods or services.
2. (Total Income, Psychic Income, Real Income) this income is the flow of
satisfaction derived by the family from the use of money income,
experienced over a given period by
the proper usage of cash profits and actual income.

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3. (Profit, Salary, Pension) money earned from working as employees of a
commercial / industrial services companies

B. Fill in the blank.

1. Make a list of all the needed things to avoid buying things which are not
much needed. Include the _____, _____, _____and ______ to be bought.

2. Buy fruits and vegetables in season to be sure of their __________, ________,

and their ____________.

size cut
freshness kind
cheap price prices
good quality prizes

Let Us Enhance
Identify the source of income of the family. Interview some members of
the family. Write you answers in another intermediate paper.

Guide Questions
1. What is our primary source income as the head of the family?
2. What is our sideline or extra source of income in the family?
3. What will they do if they encounter some problems in sourcing income?
4. Why do the family members need to have strong mental health,
emotionally stable, and healthy body?
5. How can the family members help in sourcing an income to the family?

Let Us Reflect

Describe your family and write your answer on your notebook.

___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________

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Let Us Try Let Us Assess
Let Us Practice
1. A A.
Money Real Psychic
2. B Income Income Income 1. Income
3. D Monthly Rice Trip to 2. Psychic
salary plantation Hongkong Income
4. D reward
3.Salary
5. A weekly Vegetable Invitation
wages garden to dinner B.
Interest Orchard
1. kind, size,
from (farm)
color, prizes
deposits
(RENT from 2. freshness,
apartment) cheap price,
good quality
Let Us Practice More
1. Profit
2. Commission
3. Fee From Services
4. Salaries/ Wages
5. Pension
6. Bonus
Answer Key
 References

Agbayani, Mercita M. (2010) Home Economics and Livelihood Education. Vicarish

Publication & Trading , Inc. Sta. Ana, Manila, Philippines.

Bantigue, R.M. and Pangilinan, J.P. (2014) Growing up with Home Economics
and Livelihood Education. FNB Educational, Inc. Quezon City, Philippines.

Velasquez, Gee E., Co, Margie Lorraine P., and Banzon, Cynthia B. Jo-es
Publishing House, Inc. Dalandanan, Velasquez City, Philippines.

Most Essential Learning Competencies (MELC), 2020. Department

of Education, Pasig City. Philippines

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For inquiries or feedback, please write or call:

Department of Education – Region XI Davao City Division

Office Address: DepEd Davao City Division, E. Quirino Ave

Davao City, Davao del Sur, Philippines
Telefax: (082) 224 0100

Email Address: info@deped-davaocity.ph