SOURCES OF

FAMILY
INCOME
TLE6HE-0a-2
JUANITO S. BAMBILLA
Teacher
 INCOME
- is money that an
individual or
business receives in
exchange for
providing goods or
services.
FAMILY INCOME
-is the total
income earned
by all the
members of the
household.
SOURCES OF
FAMILY
INCOME
Salary earned for services
rendered
Bonuses, commissions, or

honoraria given by an
employer to employees
Profits earned from business
Rentals from owned

properties
Dividends from stock holdings

 
TYPES OF FAMILY
INCOME
Money Income
Real Income
Psychic Income
Money income maybe in the following forms:
1. SALARY
Monthly salary of
all the members
who are doing
government or
private services.
2. WAGES
Daily,weekly
or monthly
wages
3. RENT
Rent of the
house and
real estate
4.INTEREST
Interest of the

capital deposited
in banks, post
offices or from
lending money.
5. PROJECTS
Profitsfrom
investment either
in business or
any other
sources.
6. Sick Benefits
Medical

Allowances
7. PENSIONS
Money received by
retired persons,
old age widow and
other pensioners
8. GIFT, DIVIDENDS, SECURITIES, ROYALTIES
ETC

Money income which

provides additional
comforts enjoyed by the
family.
THE REAL
INCOME OF
THE FAMILY
CONSISTS OF:
a. Inherited landed
property, which
yields crops for the
family.
b. Food furnished by
a kitchen garden.
c. Dairy farming and
poultry farming.
d. Durable goods
and commodities
owned by the
family.
e. Kneading, embroidery,
tailoring, pickling, baking
and activities carried out
in home.
f. All types of knowledge
and services (Household
activities) provided by
the members of the
family.
g. Community facilities like
parks, markets, hospitals,
roads, schools, colleges,
libraries, dispensaries, fire
and police protection,
community entertainments,
social centres etc. Proper
utilization of all these can
increase the real income of
the family.
PSYCHIC INCOME:
 This income is the flow of satisfaction derived
by the family from the use of money income
and real income. This income is also called as
enjoyment income, experienced over a given
period of time by the proper utilization of
money income and real income. We must
maximize psychic income, because our
ultimate goal is to derive maximum
satisfaction and peace from life. It is in the
form of rewards (as in prestige, leisure, or
pleasant surroundings) not measurable in
terms of money or goods but serving as an
incentive to work in certain occupations or
situations a creative artist can reap a psychic
income that money cannot match.
TOTAL INCOME:

 Total income consists of money

income received over a certain
period of time and the real income
received during the same period from
other sources without spending one’s
own money income. The family
utilizes this total income to obtain
goods and services for the
satisfaction of its needs and saves
some unused money income for
future use, gifts to other persons or
payment of taxes.
Tips in Wise
Spending of
Your Income:
 Make a lists of all the
things needed at home and
their specification.
 Compare the prices of the

products to be bought.
Avoid buying things with
higher prices than usual.
 Buy in bulk the things that

are needed everyday.

 Buy fruits and vegetables in
season.
 Know the substitute ingredients

for expensive items.

 Be familiar with the stores

offering lowest prices.

 Go to a store where you can be

assured of good quality and

standard price.
THANK
YOU!