Management of
family resources
H.E
Day – Day 2
1. What do you see in
this picture?
2. Would you consider
this picture a happy
family? Why?
3. What improvements
are needed to make your
house more comfortable,
attractive and safe to live
in?
Basic
Human
Need
Group work
In your Group, list down the basic
needs that you need in your family.
Discussed your answer.
Basic human needs is not just
food , water , clothing and
shelter but also in sanitation,
education and healthcare.
Your true character will be
revealed as you respond to new
situations in your life.
How do you contribute to a satisfying needs..
The
sources of
family
income.
a.Wages
and
Salary
a.Wages and Salary
A steady paycheck from earned income is by
far the most common form of household income.
Your paycheck is earned through work, either as
labor or selling your work product. You may earn an
hourly wage or salary from a specific employer,
which is paid on a regular basis. You may be self-
employed, in which you own your business selling a
product or service.
b.
Investment
Income
b. Investment Income
Make your money work for you with investments.
You can earn additional household income through
dividend payouts, interest and rental income. Buying and
renting a property gives you a consistent rent payment
each month. Placing your money in interest-bearing
accounts, such as certificates of deposit and money
market accounts, nets you earned interest on your money
each month. Investing in the stock market may add
household income in the form of regular dividend payouts.
c. Government Assistance
c. Government Assistance
When you fall on hard economic times, you may qualify
for government assistance to bring in an additional
income source. Unemployment benefits allow you to draw
money from the government while you look for another
job. When your income falls under specific poverty levels,
you may qualify for welfare benefits, including food
stamps and health insurance to help you get by. When you
suffer a disability, you may draw Social Security
disability benefits to help when you cannot work due to
injury or disability.
d. Retirement
Income
d. Retirement Income
Of course, retirement means you don’t have to go to a
day job anymore. In retirement, your income comes
from all three sources, including Social Security
benefits, payouts from retirement accounts such as
IRAs or 401(k)s and possibly a pension. A
comfortable retirement requires careful planning to
ensure you have enough income to survive without
needing to work for a wage or salary
a. Are these sources
important to the family?
Why?
b. How it can help to
improve our means of living?
1. Have a group of four , select
one sources of income and
discuss it with your group
mates.
2. Assign a reporter on it, to
report in front.
Generalization
Household income is the money
received into the home on a consistent
basis, either through work or
investments. Maximizing your household
income ensures you have plenty of money
when you need it.
EVALUATION
Enumerate what are the
sources of family income
and be able to reflect.
ASSIGNMENT
Are these income
enough to support the needs
of the family?
