FACTORS IN EFFECTIVE HOME MANAGEMENT

What are the 4 factors in effective home management?

These are goals that give direction to family activities

• needs

• family goals

• wants

• values

The basic needs of a family are food, clothing, shelter, education and healthcare

• values

• wants

• needs

• family goals

What are the 5 basic needs of a family?

The physical and emotional needs of a family should be satisfied so that members could live comfortably

• family goals

• needs

• wants

• values

These are the guiding principles of the family

• family goals

• needs

• wants

• values

It is made up of practices and standards of living inculcated by parents to their children

• values

• wants

• needs

• family goals

____________________ is a plan to help manage the family's income and expenses wisely

What are the 3 types of expenses?

Expenses distributed for foods, house rental, and amenities like school allowances, transportation fees, water, electricity etc

• fixed expenses

• flexible expenses

• variable expenses