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Tle Weeks 3 and 4

The document provides information about budgeting family resources through wise allocation of funds. It recommends allocating 70% of income for family expenses, 20% for savings, and 10% for emergencies. Basic family needs include food, housing, utilities, and education. The budget should prioritize needs over wants and allow for adjustments if necessary to ensure funds are sufficient. Savings should not be touched except for major planned expenses.

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Akisha Jane Mapute
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117 views7 pages

Tle Weeks 3 and 4

The document provides information about budgeting family resources through wise allocation of funds. It recommends allocating 70% of income for family expenses, 20% for savings, and 10% for emergencies. Basic family needs include food, housing, utilities, and education. The budget should prioritize needs over wants and allow for adjustments if necessary to ensure funds are sufficient. Savings should not be touched except for major planned expenses.

Uploaded by

Akisha Jane Mapute
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Budgeting Family Resources

Family budgeting is a wise use of family resources. It is a practical skill which everyone should
know and apply in life. Wise budgeting allocates primarily for basic needs. It also provides for
emergency funds. This may include the expenses when one gets sick or other urgent needs. Every
member should know how to prioritize their needs. He or she should know if what he/she is buying
really a need or wants.
In budgeting, there is the 70 – 20 – 10 principle, where 70% of the income goes to family
expenses, 20% for savings or investments, and 10% for emergency purposes. This can be monthly
depending on the pay schedule of the members. The basic needs of the family include the following:

The family wishes to provide priorities to their needs, thus, budget must be strictly observed.
When anybody gets sick, the emergency fund may be used. The allotment for savings or investment
should not be touched, as much as possible. Later on, the savings may be spent for bigger expenses
like appliances, payment for children’s tuition, special occasion to celebrate, and other similar
purposes.
If the family needs cannot be met by the allotted figures, a little revision may be done.
Expenditures may be reconsidered, and adjustments must be made.
Family Expenses

Expenses are things that you buy or pay for. There are different expenses that will satisfy the
needs and wants of the family member. Below are the types of expenses you should consider in
budgeting your family income.

Factors to Consider in Effective Home Management


The following are some factors to consider in effective home management.
1. Available family resources. These are the human and material resources.
2. Activities of the members of the family. The choices/duties to be given to each member should fit
the schedule of activities of these members so they can be successfully carried out with least conflict
with regards to time, energy, and relationship with other members.
3. Priorities of the family. These include the goals and objectives in life. It also serves as guide of the
family in the management of the activities and target.
4. The values, attitudes and habits of the family. It includes the best practices of the family in facing
and overcoming problems or situations that may happen anytime at home.
5. Conditions in the community. The family is part of the community which include social
interactions among the members of the community. It also includes planning and preparation for
managing family resources.

Tips in Managing the Family Income Wisely


1. Have a simple living, needs and wants.
2. Prepare simple menu or dish with complete nutritional value requirement.
3. In going to the market or grocery store, bring money just enough to buy the things that are
needed.
4. Taking good care of personal things will help you protect it from damaging and destroying things
which prevents you from buying things again.
5. Use your creativity to make things functional out of garbage like plastic and metal.
6. Find ways to have fun, leisure and relaxation without spending too much.
7. Walk in going to nearby destination. It is good for your health.
8. Ride in public utility vehicles like jeepneys instead of using your own car. That
way you can save money for fuel.
Identifying and Classifying Sewing Tools and Materials

Sewing tools and materials are instruments that aid in accomplishing a sewing task. It can be
manipulated by hands. Tools and materials can be classified as measuring, cutting and sewing.

MEASURING TOOLS
Sewing measuring tools are essential for pattern alterations and body measurements. To ensure
a good garment fit, measurements should be taken accurately. There are some measuring tools that
should be part of every sewing box.

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