DLP 7 Quarter 2 Management of Family Budget

2. What are the factors affecting the
family income and steps on
making a budget?
Amount of Income
Size and Composition of the
Family
Values of the Family
Needs and Wants of the Family

3. • Food
• Shelter
• Clothing
Basic
Needs
• Water
• Education
• Transportation
• Lights
Considered
Needs
• materials that the family
members desire to
have
• They can postpone if
the budget is not
enough but can be
purchased if the budget
allows it.
Wants

4. If I will give you money to
spend it in 1 month, what
will you do to it? How are
you going to spend it?

5.  Every groups are given different
amount.
 All they need to do is to make a plan
how they are going to spend it for a
month by considering the different
basics needs.
 You can make an illustration on it using
the given materials
 After 7 minute, one representative will
report the work of the team.

6. How did you budget the
income given to the
groups?
(By allocating the budget of the
different needs)

7. What are the things you
need to think in making
your budget?
(the basic needs)

8.  Food Clothing
 Shelter Education
 Social Needs Health
 Social and Moral Obligations
 Family Activities
 School Affairs
 Savings/Emergency Budget
 House Repair
The following are the things you need
to allocate in budgeting your family
income:

9.  Group 1: Preparing a budget for the Birthday
Party and budget for the whole week
 Group 2: Your family wanted to have an
Outing/Picnic this coming weekend
 Group 3: You need to have groceries for you
family good for one month.
 Group 4: You need to pay your tuition fee
amounting to 2500 and you need to have
groceries for your family good for 1 week.

10. How are you going to allocate the
budget according to the income in
the family?
You should identify what needs
should be allocated more than
the other.

11. EXPLAIN (20 points):
If you were to make a
personal budget, what
would you include?
Why?

12. Asked your parents about
their monthly income, then
budget it according by
allocating the different needs.