Introduction

Question 1

Define family resource management

Answer 1

A system that assists a family in planning and achieving goals by making skilful use of available resources

Question 2

What are the purposes of a family resource management system?
(4)

Answer 2

Improves the quality of family life
Assists individuals and families to achieve goals
Makes full use of available resources and minimises waste
Allows for unexpected changes in circumstances

Question 3

What is an example of how a family resource management system improves the quality of family life?

Answer 3

It ensures bills are paid which reduces stress and worry

Question 4

Give two examples of how a family resource management system assists individuals and families to achieve goals?

Answer 4

It can help a child get into college and do well in school

It can allow a family to go on holidays

Question 5

Give an example of how a family resource management system makes full use of available resources and minimises waste?

Answer 5

It reduces food and money waste as meals and shopping trips are well planned

Question 6

What is an example of an unexpected circumstance that a family resource management system can allow for?

Answer 6

The loss of a job or injury/illness