15. to put one’s money in
something so it can earn
profit in return
tentmesvin
investment
16. The use of family
income is determined
by the size of the
family.
The occupation of the
family members is a
factor in determining
family income.
17.
18. is the money that is earned by the
members of the family for the welfare
of the whole family
Family Income
represents the total amount of money
that goes into the family treasury at
the end of a period
19. Types of income
Money Income Real Income
-is the type of
income that is in the
form of currency,
bills, coins, and
cheques usually
received in the form
of wages or salaries
-is the type of
income that is in
the form of flow
of goods and
services available
29. With more members of the family earning a
living , today’s family income has become
bigger and bigger
With the increase in income, there is a
corresponding increase in expenditures
30. Expenditures should be
planned so that it does
not exceed the income.
*To be able to do this, preparing a
budget is necessary.
31. The family should have proper
budgeting of their money.
All members should have a knowledge of
budgeting to know how much is spent for
family needs and where the income goes.
32. The members should learn to
spend wisely, save regularly,
and actively participate in the
use of resources like time and
energy.
34. One of the most
effective tools to
handle money
wisely is a budget.
35. A budget is a list of items of
expenditures that one plans to
spend in a given time with a given
income or amount.
36. Reflects the priorities of needs and wants
of a particular family.
Its a plan for wise spending of the family
income
Must meet both ordinary and special
expenses.
Family Budget
37.
38. COMPONENTS OF
A FAMILY BUDGET
Food
Shelter &
other
related
needs
Education
Health
needs
Clothing
Transportation &
other
miscellaneous
expenses
Social &
recreational
needs
Contingency
plan
Family
Budget