6

TLE Home Economics

Quarter 1 - Module 2:
Preparing Feasible and Practical
Family Budget
Technology and Livelihood Education – Grade 6
Alternative Delivery Mode
Home Economics – Module 2: Preparing Feasible and Practical Family Budget
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in any work of
the Government of the Philippines. However, prior approval of the government agency or office
wherein the work is created shall be necessary for exploitation of such work for profit. Such
agency or office may, among other things, impose as a condition the payment of royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from their
respective copyright owners. The publisher and authors do not represent nor claim ownership
over them.

Published by the Department of Education

Secretary: Leonor Magtolis Briones
Undersecretary: Diosdado M. San Antonio

Development Team of the Module

Writer: Crasy A. Guevarra

Editor: Marites E. Gallezo
Reviewer: Michael O. Fernandez
Illustrator: Mariquita A. Banal
Layout Artist: Mariquita A. Banal
Cover Design: Marlon Q. Diego

Management Team:
Schools Division Superintendent : Romeo M. Alip, PhD, CESO V
OIC-Asst. Schools Division Superintendent : William Roderick R. Fallorin
Chief Education Supervisor, CID : Milagros M. Peñaflor, PhD
Education Program Supervisor, LRMDS : Edgar E. Garcia, MITE
Education Program Supervisor, AP/ADM : Romeo M. Layug
Education Program Supervisor, EPP/TLE : Evelyn V. Mendoza
District Supervisor, Mariveles : Francisco B. Bautista
Division Lead Book Designer : Robert S. Rana
District LRMDS Coordinator, Mariveles : Marjorie M. Palomo
School LRMDS Coordinator : Concepcion D. Carmona
School Principal : Leonila B. Alcid
District Lead Layout Artist, EPP/TLE : Robert S. Rana
District Lead Illustrator, EPP/TLE : Mariquita A. Banal
District Lead Evaluator, EPP/TLE : Elda E. Afable

Printed in the Philippines by Department of Education – Schools Division of Bataan

Office Address: Provincial Capitol Compound, Balanga City, Bataan
Telefax: (047) 237-2102
E-mail Address: bataan@deped.gov.ph
 6
TLE Home Economics
Quarter 1 - Module 2:
Preparing Feasible and Practical
Family Budget
Introductory Message
For the facilitator:

Welcome to the Technology and Livelihood Education – Grade 6 Alternative

Delivery Mode (ADM) Module on Preparing Feasible and Practical Family Budget!

This module was collaboratively designed, developed and reviewed by educators

both from public and private institutions to assist you, the teacher or facilitator in
helping the learners met the standards set by the K to 12 Curriculum while
overcoming their personal, social, and economic constraints in schooling.

This learning resource hopes to engage the learners into guided and
independent learning activities at their own pace and time. Furthermore, this also
aims to help learners acquire the needed 21st century skills while taking into
consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

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. Furthermore, you are expected to encourage and assist
the learners as they do the tasks included in the module.

ii
For the learner:

Welcome to the Technology and Livelihood Education – Grade 6 Alternative

Delivery Mode (ADM) Module on Preparing Feasible and Practical Family Budget!

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning resource while being an active
learner.

This module has the following parts and corresponding icons:

This will give you an idea of the skills or

What I Need to Know competencies you are expected to learn in the
module.
This part includes an activity that aims to
What I Know check what you already know about the
lesson to take. If you get all the answers
correct (100%), you may decide to skip this
module.
This is a brief drill or review to help you link
What’s In the current lesson with the previous one.

In this portion, the new lesson will be

What’s New introduced to you in various ways; a story, a
song, a poem, a problem opener, an activity
or a situation.
This section provides a brief discussion of the
What is It lesson. This aims to help you discover and
understand new concepts and skills.
This comprises activities for independent
What’s More practice to solidify your understanding and
skills of the topic. You may check the
answers to the exercises using the Answer
Key at the end of the module.
This includes questions or blank
What I Have Learned sentence/paragraph to be filled in to process
what you learned from the lesson.
This section provides an activity which will
What I Can Do
help you transfer your new knowledge or skill
into real life situations or concerns.

iii
 This is a task which aims to evaluate your
Assessment level of mastery in achieving the learning
competency.
In this portion, another activity will be given
Additional Activities to you to enrich your knowledge or skill of the
lesson learned.
This contains answers to all activities in the
Answer Key module.

At the end of this module you will also find:

References This is a list of all sources used in developing

this module.

The following are some reminders in using this module:

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 What I Know before moving on to the other activities
included in the module.
3. Read the instruction 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 through with it.
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!

iv
 What I Need to Know

This module is designed and created to help you prepare a feasible and practical
budget plan for your family. This module focuses on elements of budget and
managing your family resources efficiently.

After finishing this module, you should be able to:

1. Define budget.
2. Enumerate the elements of a family budget.
3. Allocate budget for basic and social needs (TLE6HE-0b-4)
4. Prepare a feasible and practical family budget.
5. Manage family resources efficiently.
6. Identify factors affecting the family budget

1
 What I Know

Identify the words that best describe the pictures below.

2
Lesson
Allocation of Budget for
1 Basic and Social Needs

What is a 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.

It is important in a family to come up with a feasible and practical budget

plan to avoid conflicts and problems at home.

Allocation of Family Budget

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

3
 What’s In

Apply the knowledge that you have learned, write a specific amount to be spent on
each item every month. Do a rough estimation.

4
 Notes to the Teacher
This module is preparation for the learner’s on how to make feasible
and practical budget.

What’s New

Complete the table using the information below. Imagine that a family of 6 has a
monthly income of Php 30,000. Considering the income, how much money will
you spend on each of the following items?

Item % of Budget Allotted Amount

food
education
shelter
utilities
household operation
clothing
recreation
savings
Total

3% - Php 900.00 12% - Php 3,600.00

3% - Php 900.00 15% - Php 4,500.00
5% - Php 1,500.00 20% - Php 6,000.00
5% - Php. 1,500.00 40% - Php 12,000.00

Additional information:

 Utilities – includes water, electric, cable, and telephone bills

 Recreation – includes family outings, eating outside, going to the mall
 Household operations – things needed in the house like
furniture, curtains etc.

5
 What is It

Identify the components or elements of a family budget being described by the given

word or group of words. Pick out your answers from the box.

food household operation recreation

shelter education Health

utilities clothing savings

_________________ 1. It can be rented or owned

_________________ 2. Dresses and shoes

_________________ 3. School supplies, tuition and school service fee

_________________ 4. Phone, electricity, water and internet bills

_________________ 5. Medicine, doctor’s fee and check-up

_________________ 6. Funds

_________________ 7. Food supplies: rice, bread, meats, etc.

_________________ 8. Home furnishing, curtains, bed sheets

_________________ 9. Family get together, outings, picnics etc.

_________________ 10. Produce and fish

6
 Lesson
Manage Family Resources
2 Efficiently

At an early age like you, it is necessary that you need to develop and learn how to

manage your family resources effectively because it prepares you to spend your

available budget wisely and efficiently on the most important needs whether, material

or non-material resources.

There are many ways on how your family can practically budget their resources. It

is important that we know how to budget wisely the available resources of the family.

Setting priorities and goals and checking them constantly should also be considered

in effective budgeting because it changes from time to time.

7
 What’s More

Based on the pictures below, list down the five top needs of your family.

8
 Notes to the Teacher
This module is in preparation for the students to know how to manage their
family resources efficiently.

What’s New

FAMILY A FAMILY B

Answer the following questions:

Compare Family A to Family B using diagram. Which do you prefer? Why? List down
five reasons on the space provided
5 Reasons

1.

2.

3.

4.

5.

9
 What is It

Write TRUE if the statements show managing family resources efficiently and FALSE
if not. Write your answer on the blank before each number.

__________1. Let the members of the family know their monthly income.
__________2. Spend your money wisely based from the monthly income you have.
__________3. Live only within your means.
__________4. Buy only things that are needed.
__________5. Plan your daily expenses.
__________6. Follow a shopping and marketing schedule.
__________7. Avoid making unscheduled and unplanned buying of things at stores
you are not familiar with.
__________8. Teach the children spend their allowances wisely.
__________9. Conserve energy and other resources.
__________10. Practice recycling, reusing and reducing materials.
__________11. Repair appliances and furniture as needed.
__________12. Take good care of your belongings.
__________13. Buy products that have good quality and reasonable in price.
__________14. Choose walking instead of riding a vehicle in short distances.
__________15. Avoid buying imported goods.

The following are the factors that could affect managing family resources:

1. Amount of Income – the more income you have, the more resources you can
provide for your family. The less income you have, the more you need to spend your
money wisely and give priority to what’s more important.

2. Size and composition of the Family – the more members of the family, the bigger
portion of its income will be allocated to their daily expenses.

3. Value of the Family – families with different values, upbringings and priorities
have different ways on how to spend their money.

4. Needs and wants of the Family – needs are the things that we work hard for to
us to survive, wants are less important things that we desire.

10
 What’s More

Prepare a budget plan using the total monthly income of your family for a month that
shows managing it efficiently. Use the circle below and make a pie graph to represent
it.

How much money will you spend in each element?

Considering the family monthly income: Php _______________________

ELEMENTS EXPENDITURES
1. Food Php
2. Housing Php
3. Education Php
4. Health Php
5. Utilities Php
6. Clothing Php
7. Savings Php
8. Recreation Php
9. Shelter Php
10. Others ( Please specify ) Php
TOTAL Php

11
 What I Have Learned

A ________________ is the amount of money set aside for planned expenses while
______________ is related to the wise use of family resources.

There are ____________ components or elements of family budget. These includes:

__________________________________________________________________________________
__________________________________________________________________________________

Preparing a family depends on family size, values and standard of living and most
importantly the family _______________.

Planning, assigning duties, monitoring and evaluation are important in managing

your __________________ efficiently.

There are factors affecting the family budget like ___________________,

_________________, ________________ and ______________.

12
 What I Can Do

Interview one parent (A), and one relative (B) about their family budget. Fill out the
chart with the data collected. Tell that their names will be kept confidential.

Families Parent ( A ) Relative ( B )

Monthly income Php Php

Expenditures

 Food

 Housing

 Education

 Utility expenses

 Clothing

 Savings

 Recreation

 Health

 Shelter

 Others

TOTAL

13
 Assessment

Activity 1
Make a budget plan for a family of 5 with Php 30,000.00 monthly income. Make a
pie graph to present your budget allocation. (Be creative)

Activity 2

Fill in the blank to complete the statement that shows proper management of family
resources.
1. ________________ or reuse materials.
2. _________________ appliances and furniture as needed.
3. Teach children to spend their money ______________________.
4. _________________ all the family members about the budget.
5. Schedule your _________________________.
6. Buy only things that are ___________________.
7. ______________ energy and other utilities.
8. Develop the habit of ______________________ short distances.
9. Buy products that are ______________ quality and reasonable price.

10.___________________ a shopping and marketing schedule

14
 Additional Activities

A. Rank the components of a family budget from 1-9.

1 – being the most important and 9- being the least important.
Explain your answer.

RANK COMPONENTS OF FAMILY BUDGET

1
2
3
4
5
6
7
8
9

B. Ask your family members to help you write down the resources and expenses of
your family.

1. Family Resources

Material Resources Non – Material Resources

2. Family Expenses

Priority Needs Savings Social Needs

15
 16
Additional Assessment!!! What I can Do!!! What I have
Activity!!! Activity 1 *Students answer Learned!!!
*Students answer *Students answer vary *budget
vary vary *budgeting
Activity 2 *eight
1.Reuse *food, shelter, edu-
2.Repair cation, utilities, rec-
3.wisely reation, savings,
4.inform household,
5.expenses operation, health
6.needed *priorities
7.conserve *Family resources
8.walking *Amount of income ,
9.good size and composition
10.follow of the family , value
of the family , needs
and wants of the
family
What’s More!!! What is it : What Is It!!! What’s New:
*Students answer (Lesson 2) 1. Shelter (Lesson 2)
vary 1. TRUE 2.Education Student’s
2. TRUE 3. Education answers vary
3. TRUE 4. Utilities
4. TRUE 5. Health
5. TRUE 6. Savings
6. TRUE 7. Food
7. TRUE 8. Household
8. TRUE Operation
9. TRUE 9. Recreation
10. TRUE 10. Food
11. TRUE
12. TRUE 14. TRUE
13. TRUE 15. TRUE
What’s New!!! What’s In!!!(Lesson What I Know!!!
Item % of Amount 1) 1.Food
budget *Students answer 2.Education
allotted vary 3. Shelter
food 40 % 12,000.00 What’s In(Lesson 2) 4. Clothing
education 20 % 6,000.00 Food 5. Car
shelter 12 % 3,600.00 Medicine 6. Cellphone
House 7. Water
utilities 15 % 4,500.00
Clothes 8. Electricity
household 5% 1,500.00 Money 9. Computer
operation 10. Health
clothing 5% 1,500.00
recreation 3% 900.00
savings 3% 750.00
total 100 % 25,000.00
Answer Key
Reference

Peralta, Gloria, Ruth Arsenue, Catalina Ipolan, Yolanda Quiambao, and Helenay Ann
Ariola. Life Skills Through TLE. Reprint, Quezon City, Philippines: Vibal Group,
Inc., 2016.

17
For inquiries or feedback, please write or call:

Department of Education – Region III,

Schools Division of Bataan - Curriculum Implementation Division
Learning Resources Management and Development Section (LRMDS)

Provincial Capitol Compound, Balanga City, Bataan

Telefax: (047) 237-2102

Email Address: bataan@deped.gov.ph