2nd QUARTER - HOME ECONOMICS

These are basic or essential to living. They support our existence like food, clothing, education, and shelter.

• wants    

• needs     

• expenses

• market demand

These are desires an individual would like to have or possess to give him/her enjoyment and satisfaction.

• wants  

• demands  

•  savings

• expenses

An example of Non-human or Material Resource that is the purchasing power that helps one to acquire needed goods and services. The Peso, our Philippine currency is used as an exchange medium for goods and services.

   

• time

• goods

• money

• community

An example of Non-human or Materials Resource that is made of short and long periods. It is usually measured in terms of clock time-seconds, minutes, hours, days, weeks, months, etc.   

  

•  time

• goods

• money

• community

 Below are tips in managing resources effectively EXCEPT one.

 

•  Use energy and time properly.

•  Know how to budget money to make spending worthwhile.

•   Do not take care of appliances, tools, and furniture to keep them functioning well.

• Adopt a cheerful and positive attitude work to make work easy, interesting, and  

                     enjoyable.

Ana is invited on her friend’s Debut Party and she needs a dress in the said occasion but she has no money to buy a new one. Which of the following statement shows an economical and effective way in managing  resources and avoid unnecessary spending?

• Ask her parents to buy her a new dress.

• She borrows an elegant dress from a friend.

• She borrows money from her aunt to buy a new dress.

• She goes to an ukay-ukay store where fashionable dress are available and she makes her simple clothes look elegant and expensive by adding accessories like corsage, scarf or belt.

A source of family income which is earned from working as employees of a commercial/industrial services companies.  

• bonus

•    pension

• commission

• salary/wages

This is a list of items of expenditures that one plans to spend in a given income or amount. This   is not only a plan for spending; it is also a plan for saving.

•  profit

•  budget

• pension

• salary/wages

This component is the most priority in the household budget.

• food

•  clothing

• education

•   health needs

This component includes tuition fees, books, school supplies, school projects, textbooks, and allowances.

•  food

• clothing

• education

• health needs