sum q3 Flashcards
supply of money material staff that can be drawn on by a person
resources
include money material and people that can help the family to sustain their living
family resources
3 types of resources
human
material
non material
include the member of the family who are able bodied and can contribute their time effort skills strength to the family
human resources
tangible resources for available usage
material
intangible include time health experience
non material
time
proper time management help in finishing work without giving burden to a person
health
having goodhealth will enable you to do work effectively
experience
the more experience the more he can contribute to the family by using it in giving service
desire to become the most that one can be
self actualization
respect self esteem status
esteem
frienship intimary family sense of connection
love and belonging
personal security,employment,health,property
safety needs
air water food shelter sleep clothing
physical logical needs
2 types of need
basic and social need
essential materials to support wellbeing,including housing food housing
basic need
essential in self growth of individual such as appreciation acceptance belonging and companionship
social need
money recieve through work or business
income
money earned from services .money paid to the member of a family who’s employed
wage or salary
dividends from shares of stock and bonds thatadd income include profit
profit from business and investments
rental of family owned real estate property
lease of property
income of retired ,old, or any member
pension
additinal income that is over and above the regulay salary
commission and bonus
types of family income
money
real
psychic
income in form of cash include salary,wage,rent,interest,pension,etc.
money income
income in form of assets such as land,goods,farm,home activities
real income
called as enjoyment income or the feeling of satisfaction bcs of the proper utilization
psychic
what is budgeting
creating a plan to spend money
components of family budget
1.food household operation
2.shelter medical dental care
3.clothing rest recreation
education saving
utilities social moral obligation
include groceries fruits and veg
food
rent,repair,maintenance and taxes
shelter
uniforms,clothes,accessories
clothing
tuition fee,allowance,transportation fee, school suplies
education
paid monthly basis .electricity,water,telephone, home cable bills
utilities
things needed in house furniture, other things to make fam mem comfy
household operation
expenses for medical and dental appointment and medicines
med and dental care
relaxation entertainment for family such as family activity
reast and recreation
seperate amount of money that is set aside for emergency purposes
savings
allocating budget for the fam who attends personal events
social moral obligation