Management of Family Resources, Basic and Social Needs

It is the money received by the family on a consistent basis, either through work or investments.

• Family resources

• Human resources

• Material resources

• Non-material resources

These are people who provide work or labor in any given field.

• Family resources

• Human resources

• Material resources

• Non-material resources

These are examples of material resources.

• Quiet places, Beauty, Security, Safety

• Jewelry, Automobiles, House or Land

• Earned income, Investment income, Retirement income

• Energy , Strength, Knowledge, Skills, Abilities, Interests

These are examples of human resources.

• Quiet places, Beauty, Security, Safety

• Furniture, Material goods, Community facilities

• Effort, Energy, Strength, Knowledge, Expertise

• Earned income, Investment income, Government assistance, Retirement income

It is one of the most effective ways to handle money wisely.

• Splurge

• Budget

• Spending

• Purchase

One of the components in monthly budget which the expenses stay the same from month to month.

• Total

• Fixed

• Flexible

• Disposable

One of the components in monthly budget which the expenses change from month to month.

• Total

• Fixed

• Flexible

• Disposable

It is the combined amount of your fixed and flexible expenses.

• Total

• Fixed

• Flexible

• Disposable

It is a type of spending for adequate food, clothing, transportation, and other personal needs are basic items that one needs from day-to-day.

• Splurge Spending

• Spending for Savings

• Spending for Major Purchases

• Spending for Comfortable Living

It is a type of spending that is rewarding because one is assured of extra cash in the future in times of emergency.

• Splurge Spending

• Spending for Savings

• Spending for Major Purchases

• Spending for Comfortable Living