TLE 6 QUARTER 3 SOURCES OF FAMILY INCOME.pptx

Sub Topics
- Preparing Allocating Budget
- Budgeting Family Resources
- Family Expenses

1. TLE 6 QUARTER 3 WEEK 1

2. Look at the pictures below .

3. Guided Questions: 1.What does each picture show? Tell something about it. 2. What are the things you know that can be used to earn money? 3. Is it important to have a job in the future? Why? .

4. Directions: Read the selection below. Answer the following guide questions.

5. Guided Questions: 1. How many sources of income do Mang Greg and Aling Dora have? 2. What are their sources of income? 3. What about you, can you tell us the source or sources of your family income?

6. Sources of Family Income

7. Applies knowledge and skills, and develops one’s interest. Objectives Manages family resources applying the principles of home management. Enumerates sources of family income.

8. What is Family Income ? A family income is a combined money earned by all the members of the family who are working. The income is used to buy goods and services required for daily l i ving. Family income can be classified as regular and irregular income .

9. Regular Income Regular income is received on an ongoing basis and timing and amounts involved tend to be predictable.

10. Regular Income 2. Pensions 3. Short Time Work Support 4. Fees from Services 5. Fees from Rent 1. Wages and Salaries

11. 1. Wages and Salary Salaries are paid fixed amount per period like 30th day of every month while wages are money received for a pay rate per hour from rendering a service. .

12. 2. Pensions Pensions are money granted by the government or private comprises upon one’s retirement from service.

13. 3. Short Time Support Short time work support is a form of Jobseeker’s Benefit and an income support payment if you have been temporarily placed on a shorter working week.

14. 4. Fees from Services Fees from services are money paid to a professional person or group of people in exchange for advice or services.

15. 5 . Fees from Rent Fees from rent are money paid by a lessee on a regular basis and in the same amount.

16. Irr egular Income Irregular income is far less predictable and will only be received from time to time. There is also less certainty about the amounts involved.

17. Irr egular Income 1. Overtime Payment 2. Bonus Payment 3. Commission 4. Profit

18. 1. Overtime Payment Overtime payment is the amount received by a worker for working beyond regular hours. This depends on the agreement between the employer and the employee.

19. 2 . Bonus Payment Bonus payment is an amount of money given in addition to a regular income as a reward for good performance or for a number of years of service rendered.

20. 3. Commission Commission is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans.

21. 4 . Profit Profit is a financial gain earned from operating a business.

22. Directions: The following scrambled letters are sources of family income. Arrange the letter to form a new word. Write your answer on a separate sheet of paper. 1. NCMEOI - _________________________ 2. ISUNCNERA - _________________________ 3. NNPESIO - _________________________ 4. NIOMMICOSS - _________________________ 5. SAALYR - _________________________

23. Directions: The following scrambled letters are sources of family income. Arrange the letter to form a new word. Write your answer on a separate sheet of paper. 6. VCERSISE - _________________________ 7. SSSUBINE - _________________________ 8. TIFROP - _________________________ 9. EEFS - _________________________ 10. BNUOS - _________________________

24. Directions: Study and analyze each sentence. Copy and box the correct answer. Do these on a separate sheet of paper. 1. It is a financial gain earned from operating a business. (profit, salary, bonus) 2. It is fixed regular payment typically paid on daily, monthly or biweekly basis. (commission, salary, pension)

25. Directions: Study and analyze each sentence. Copy and box the correct answer. Do these on a separate sheet of paper. 3. It is a payment made during a person’s retirement as a government/ private employee during his/her working days. (pension, salary, profit) 4. It is the amount of money given as addition to a regular income or as reward for good performance. (bonus, profit, wage)

26. Directions: Study and analyze each sentence. Copy and box the correct answer. Do these on a separate sheet of paper. 5. It is an incentive pay to certain individual from insurance, selling real estate, appliances and educational plans. (commission, wage, profit)

27. WRAP UP! Complete the thought of the sentence.   The sources of family income can be classified as to regular income which includes_________________________________ and irregular income such as ________________________________.

28. Complete the table below. Enumerate the sources of family income that you know. Write your answer on a separate sheet of paper.

29. HOMEWORK! At home, ask your mother or father what are the sources of your family income and how do they manage it. Do it in your TLE notebook.

30. TLE 6 QUARTER 3 WEEK 1

31. Review

32. Preparing and Allocating of Family Budget

33. Beside is a sample of budget expenses of Soriano family with a monthly income of ₱ 35,000.00. Try to analyze and answer the following questions. Do this on a separate sheet of paper.

34. Guide Questions : How much is the total income of the family? How much is allotted to food? clothing? education? Did the family spend their income wisely? Why or why not? Which of these expenses are considered wants? needs?

35. Budgeting Family Resources

36. Sample Computation of a Family Budget

37. Family Expenses

38. 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.

39. Factors to Consider in Effective Home Management

40. 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.

41. 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 .

42. 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.

43. Tips in Managing the Family Income Wisely

44. 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.

45. GROUP ACTIVITY