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Hele 1

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1. 1 amount of income FACTORS AFFECTING FAMILY 4. 1 for comfortable TYPES OF SPENDING:


2 size and BUDGET: living 1 for food, clothing, transportation, and
composition of the 2 for major others
family purchases
3 values of family 3 for savings 2 for buying cellphones, jewelry, and
4 needs and wants 4 splurge other items of big cash
of the family
3 setting aside an amount regulary in a
2. 1 balance income importance of budget
bank
and expenditure
2 it gives a feeling
4 spending for fun and satisfaction. like
of comfort and
fine dining, buying dresses, and the like
satisfaction
for happiness
3 enables to list
needs and wants 5. 1 know your income steps in making a budget:
and prioritize them or allowances
4 gives full and 2 make a list of
better life expenses
5 constant 3 determine
reminder that you amount to be spent
are in control of on fixed and
finances flexible
4 add expenses on
3. 1 food COMPONENTS OF FAMILY BUDGET:
the 2 categories
2 shelter and other 1 is the highest priority in the budget;
5 check the figures
related needs 50-60% goes here
3 education 6. 1 salaries and SOURCES OF FAMILY INCOME:
4 health needs 2 include rentals, electric bills, wages
5 clothing telephone, and other services to home 2 commission 1 money earned from working as
6 transportation comfort 3 bonus employees in companies
and miscellaneous 4 fees and services
7 social and 3 includes tuition, books, school 5 pension 2 money from selling real estate,
recreational needs supplies, projects, and etc. 6 profit insurance, appliances, educational
plans, life plans, and the like
4 one of the most important items to
be prioritized. like periodic health 3 money given as addition to a regular
examinations, hospitalization income as recognition for a number of
years of service in a company
5 secondary to food and other needs.
dictated by occupation 4 money earned from services like
repair, consultations, running, etc.
6 has recently become more expensive.
needed for commutes, cars, and 5 money granted by government or
maintenance of other transportation private companies upon one's
retirement
7 a balance of work and play. outings,
strolls, movies, visits, and the like 6 money earned from earning a
business
7. 1 use energy and tips in managing resources effectively 19. expenditure list of expenses
time properly
20. f the more family members, the less needed
2 know how to
food, expenditures for schooling, and other
budget money to
needs. tf
make spending
worthwhile 21. f resources do not vary family to family. tf
3 know how to 22. f an increase in income suggests a decrease
use, clean, and in expenditure. tf
take care
23. f social needs are not part of man's needs. tf
appliances, tools,
and furniture 24. family goals are things the family would want to
4adopt a cheerful achieve.
and positive 25. family income the combined money earned by father and
attitude towards mother and other working members of the
work family
5 assign
responsibilities 26. family those used in doing household work
6 make use of resources
community 27. fixed an amount set aside regularly for the daily
facilities expenses of family like food, transportation,
8. abilities/skills TYPES OF HUMAN RESOURCES: allowances, and the like
attitudes 1 both native and acquired. the ability to 28. flexible amount may be increased and decreased
knowledge solve math problems and the skill to do depending on the money available. like
energy things gift, accessories, magazines, recreations
29. human types of family resources
2 attitudes which includes ideas, opinion,
non
inclinations, and feeling towards
human/material
something. Positive work attitude is
important to succeed and be satisfied in 30. human are those which the family possesses and
what you do. resources makes use of in order to achieve family
goals
3 include facts and information. the need 31. investment to put one's money in something so it can
in order to carry out instructions earn profit in return

4 the capacity to do work 32. lifestyle way of living

9. ability to be able to perform something with 33. needs are basic or essential for living
competence - support our existence and are necessary
for survival
10. accumulate to gather or pile up - food, shelter, clothing
11. balance to arrang so that one element is equal to 34. obligation duties
another
35. occassional expenses that are considered a form of
12. budget a plan to estimate income and expenses emergency savings. include heatlh expenses, birthdays,
- a plan for spending and saving fiestas, and surprise visits.
13. components in this lesson it refers to the list of items 36. positive clear and confident feeling of attending to
to be spent for in an budget attitude something
14. contingency possible event that may happen 37. priority impiortance of one item over antoher
15. contingency fund a small percent of the family income has 38. priority something that is given more importance
to be set aside fro these needs that may
unexpectedly arise 39. resources sources of supply or support in the form of
tangibles (things) and intangibles
16. earnings income, profits, money earned (skills/ability)
17. economical to work with little waste, careful use of 40. scrimp to save or economize
resources
41. skill the ability to use ones knowledge in doing
18. effective to produce a desired effect something with ease and finessse
42. social that which relates to human society, companionship with other
43. social needs the need to establish smooth and lasting relationships with different social groups and social obligations
44. t planning is mostly a thinking process. tf
45. t goals can be short or long term. tf
46. t the contingency funds can be used to realize some goals. tf
47. t the less time and effort spent the happier the person. tf
48. t the higher the income of the family, the more the can spend. tf
49. time TYPES OF NON HUMAN RESOURCES:
money 1 is made of short and long periods, measured in minutes, seconds, hours, days, etc
goods/property
community facilities 2 the purchasing power needed to acquire goods. in our case the Peso
environmental resources
3 durable and perishable/non perishable goods. like tools, furniture, appliances, and the like

4 are areas or services available to the family like police stations, park, libraries, health centers

5 are rain. sunlight, air, food, shelter, and clothing


50. value the worth attached to an idea, object , or action
51. wants are desires the person would want to have for enjoyment or satisfaciton

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