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Home Economics
Quarter 2 – Module 1
Family Resources and Needs
and
Sources of Family Income

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Department of Education ● Republic of the Philippine

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1
 Lesson

1 FAMILY RESOURCES AND NEEDS

Objective:
Identifies family resources and needs (human, material, and nonmaterial)
(Code: TLE6HE0a-1)

1..Human Resources
Family resources as humans possess energy, time, and skills. It is important to remember
that energy, time, and skills are considered intangible resources and limited. Every member of
the family who can contribute his/her time, effort, skills, strength, and expertise through
services or work is considered a family’s human resources.
1.1 Capabilities, Intelligence, and Skills
Every person has his or her unique ability and intelligence in a way that improves not only
himself or herself but also others. It is important to identify the talents and skills that each
person has and utilize them for the common good for society.
1.2 Strength/Energy
A person’s strength/energy does not only mean having good health and a strong body. It
also means having emotional stability, mental alertness, and having a reasonable commitment
and positive outlook in life, especially in work that improves self and society. Strength is also
needed to accomplish tasks on time to play, entertain, and relax with the family afterward.
Therefore, a person who contributed his/her time, skills, strength/energy, expertise,
talent, capabilities, and intelligence is considered part of human resources. This human
resources can be enhanced and developed by attending seminars, having a healthy lifestyle,
watching the news, perform the skills always.
2. Material Resources
Family resources as materials are things that can be bought and owned through the use
of money. House and lot, furniture and appliances, jewelry, automobiles, and cash are
examples as the family’s material resources. Material resources are also called tangible
resources.

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 Tangible resources can be monetary or non – monetary. Monetary is in the form of cash
and bank deposits while non-monetary resources are things that someone owns.
Every family must invest wisely in material resources, making sure that they consider
quality, durability, and appreciation value when choosing what to purchase. Some material
resources increase in value over time like real properties and jewelry while the value of
furniture, appliances, and automobiles goes down as they get old and worn out.
Non-monetary material resources are valuable too because they can be sold for a certain
amount of cash.

3. Non-material Resources

Time, health, and experience are examples of non-material resources. Non-material

resources are also called intangible resources. Even non-material resources are intangible
resources still they are very important. These resources help the family to perform their duties
and responsibilities at home, in school, and at work. Without these non-material resources, it is
impossible to perform human’s duties and responsibilities.

3.1 Time
Time is very important. This is the resource that cultivates cooperation, the fulfilment of the
prescribed duties, and the smart maintenance of homes. This is used to start and finish the work
without giving a burden to the body or resentment to the person.

3.2 Health
The health of family members is important. The popular saying “health is wealth” is very
true to an individual. When family members are in good health, they can do their duties without
delay.

3.3 Experience
The more experience a family member has, the more he or she will get hired. He/she will be
paid a good amount for his or her services. Experience is the best teacher because through job
experience the more the worker learned from his / her job. So, job or work experience is an
important non-material resource to have.
Time / Energy management
Some works require only a little time and energy to accomplish. Proper scheduling of the
different activities as managing the time will help lessen the unnecessary labor. It helps speed
up work and reduces stress.

Activity 1.1
Directions: Underline the human resources examples inside the box. Write your answer on
your activity sheets.

time effort skills jewelry

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skills strength expertise house
Activity 1.2
Directions: Choose the material resources examples inside the box. Write your answer on the
space provided.

jewelry skills cash

lot house vehicles

1. ______________________
2. ______________________
3. ______________________
4. ______________________
5. ______________________

Activity 1.3
Directions: Encircle the nonmaterial resources examples inside the box. Write your answer in
your activity sheets.

time jewelry vehicles experience

lot health effort house

Multiple Choice:
Directions: Encircle the letter of the correct answer. Write your answer on your activity
sheets provided.

1. What is human resources?

a. It is the monetary form of resources.
b. It is the tangible resources contributed by the members of the family.
c. It is the handling of employee relations, payroll, benefits, and training. 
d. It is the contributed service or work of the family-like time, effort, skills, strength, and
expertise.
2. What family resources can be enhanced and developed by attending seminars, reading,
etc?
a. Human Resources
b. Material Resources
c. Non – Material Resources
d. Tangible Resources
3. Which of the following is a nonmaterial resources?

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 a. Appliances, jewelry, and cash
b. Time, health and experience
c. Capabilities, intelligence, and skills
d. House and lot

4. What family resources are in the form of cash and bank deposits?
a. Tangible resources
b. Intangible Resources
c. Monetary resources
d. Non-monetary resources
5. What is the other term of intangible resources?
a. Human resources
b. Material resources
c. Salary resources
d. Non-material resources

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Directions: Fill - in the diagram below according to family resources and need. Write your
answer in the space provided.

Family Resources and Needs

Human Material Nonmaterial

1. strength 1. time
1. House and lot

2. 2. 2.

3. 3. 3.

4. 4.

5. 5.

Fill in the blanks

Directions: Choose the appropriate word inside the box to complete the thought of every
sentence.

human resource energy, time, and skills material resources

non-monetary Time experience

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 1. ___________________ is the effort, time, skills, strength, and expertise contributed by a
person who can able to work.
2. ___________________ are considered as intangible resources and limited.
3. ___________________ are things that can be bought and owned through the use of
money.
4. ___________________ material resources are valuable too because they can be sold
for a certain amount of cash.
5. ___________________ fulfills the prescribed duties, and smart maintenance of homes.

Identification

Directions: Identify the following statement that illustrates family resources and needs. Write
Human if the statement illustrates as human resources, Material if the statement illustrates as
material resources and Nonmaterial if the statement illustrates as nonmaterial resources. Write
your answer on your activity sheet.

____________1. Real properties and jewelry increase in value over time.

____________2. Proper scheduling of the different activities as managing the time will help

lessen the unnecessary labor.

____________3. Another term of material resources is tangible resources.

____________4. Time is used to start and finish the work without giving a burden to the

body or resentment to the person.

____________5. Jewelry is a tangible resource that the value increases over time.

____________6. Strength is important to accomplish certain task.

____________7. Health of family member is very important in order to perform duties

without delay.

____________8. Energy is important in performing duties.

____________9. The more experience of a family member has, the more he or she will get

hired.

___________ 10. Capabilities of an individual is very important in improving the common

Good of society.

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 Lesson

2 SOURCES OF FAMILY INCOME

Objective:
Enumerates sources of family income (Code: TLE6HE-0a-2)

The money that is received regularly by an individual, for providing goods or services,
earnings from labor, business, or investments is called income. A family could have one or more
sources of income. The total income earned by all the members of the household is called
family income.

SOURCES OF FAMILY INCOME

a. Salary

This is the payment made to the employee for services or work rendered. It is given
regularly, either every fifteen days or every week.

b. Profits earned from a business

A family business is another common source of family income. Profit is made by selling
services or goods at a markup.

c. Commissions, bonuses or honoraria

Commissions are a common source of income for those engaged in sales. Commission is a
fee paid to an agent or salesperson for enabling the sale of a service or product. Salespeople
do not usually have a large salary; their commission allows them to earn significantly higher
depending on the number of sales they make. Commission is usually

computed as a percentage of the gross amount of the product or service sold which is why
the opportunity to earn higher is possible.

d. Rentals from owned properties

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 If a family owns land real estate property, they can lease it or rent it out to earn income. For
example, a family may purchase a condominium unit to have it leased or rented out.

e. Pension

This is a fixed sum paid regularly to a person. In most cases, the government pays a
pension to veterans and senior citizens who have retired and had been active paying members
in a security fund, such as the Social Security System (SSS) or the Government Service
Insurance System (GSIS).

f. Dividends from stock holdings

If a person invests money in stocks or investments, this money will earn dividends payable
at certain periods.

g. Savings or interests in savings

Money in the bank will earn interest at a minimal amount. Savings that are invested in some
enterprises can grow money more, such as in variable life insurance.

Types of family income

1. Money Income
2. Real Income
3. Psychic Income

1. Money Income is maybe in the following forms:

Money income which provides additional comforts enjoyed by the family.
1.a. Rent of the house and real estate
1.b. Sick Benefits Medical Allowances
1.c. Gift, dividends, securities, royalties, etc
1.d. Wages Daily, weekly or monthly wages
1.e. Interest of the capital deposited in banks
1.f. Projects Profits from investment either in business or any other sources.
1.g. A monthly salary of all the members who are doing government or private services.
1.h. Money from pension received by retired persons, old age widow and other
Pensioners
2. Real Income of the family consists of:
2.a. Dairy farming and poultry farming
2.b. Food furnished by a kitchen garden.
2.c. Durable goods and commodities owned by the family.
2.d. Inherited land property, which yields crops for the family.
2.e. Kneading, embroidery, tailoring, pickling, baking, and activities carried out in a home.
2.f. All types of knowledge and services in household activities provided by the members of
the family.

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 2.g. Community facilities like parks, markets, hospitals, roads, schools, colleges, libraries,
dispensaries, fire and police protection, community entertainments, social centers, etc.
Proper utilization of all these can increase the real income of the family.

3. Psychic Income:
This income is the flow of satisfaction derived by the family from the use of money income
and real income. Enjoyment income is the other term of psychic income. It is the experience
over a given period of time by the proper utilization of money income and real income. It is in the
form of rewards (as in prestige, leisure, or pleasant surroundings) not measurable in terms of
money or goods but serving as an incentive to work in certain occupations or situations like a
creative artist can reap a psychic income that money cannot match.

Activity 2.1
Directions: Underline the human resources examples inside the box and write these underlined
words in the space provided below. Write your answer in your activity sheets.

salary strength insurance skills

time effort house expertise

1. ________________
2. ________________
3. ________________
4. ________________
5. ________________

Activity 2.2

Directions: Encircle the examples of types of family income inside the box.

Salary income insurance income money income

Psychic income real income pension

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Multiple Choice
Directions: Encircle the correct letter of your choice. Encircle the letter on the activity sheets
provided.
1. It is a payment made to the employee for services or work rendered.
a. Salary
b. Rental
c. Commission
d. Savings

2. It is the money that is received regularly by an individual, for providing goods or services,
earnings from labor, business, or investments.
a. Pension
b. Income
c. Real Income
d. Money

3. It is the total income earned by all the members of the household.

a. Real Income
b. Money Income
c. Family Income
d. Psychic Income
4. It is a source of family income earned from the leased or rented property.
a. Pension
b. Dividends
c. Rentals
d. Profits
Note: Activity sheet on page 27

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Directions: Fill - in the diagram below according to types of family income.

Types of Family Income

Money Income Real Income Psychic Income

(Examples) (Examples) (Examples)

1. Rental 1. Dairy Farming 1. Prestige

2. 2. 2.

3. 3.

4.
4.

5.
5.

Fill in the blanks

Directions: Choose the appropriate word/s inside the box to complete the thought of every
sentence.

income family income real income

pension total income commissions

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 1. _______________is the money that is received regularly by an individual, for providing
goods or services, earnings from labor, business, or investments.

2. Family income is the ______________ earned by all the members of the household.

3. Sources of family income are the following: salary, ______________, bonuses or

honoraria, (4.)_______________, dividends from stock holdings and savings or interests
in savings.

5. Types of _____________ are the following: money income, (6.) ____________,

psychic income

Enumeration
Directions: Provide the correct answer of the following in any order.
1. Enumerate at least 5 sources of family income.
a. __________________
b. __________________
c. __________________
d. __________________
e. __________________

2. Give 2 examples of each type of family income.

Money Income:
a. ______________________
b. ______________________

Real Income:
a. ______________________
b. ______________________

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Lesson 1: Activity 1.1
Directions: Underline the human resources examples inside the box. Write your answer on your
activity sheets.

time effort jewelry skills

strength house expertise

Lesson 1: Activity 1.2

Directions: Choose the material resources examples inside the box. Write your answer on the
space provided.

jewelry skills cash

lot house vehicles

1. jewelry
2. cash
3. lot
4. house
5. vehicles

Lesson 1: Activity 1.3

Directions: Encircle the nonmaterial resources examples inside the box. Write your answer in your
activity sheets.

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Multiple Choice
Lesson 1: What Is It
1. d. It is the contributed service or work of the family like time, effort, skills,
strength, and expertise.

2. a. Human Resources

3. b. Time, health and experience

4. c. Monetary resources

5. d. Non-material resources

Lesson 1: What’s More

Directions: Fill - in the diagram below according to family resources and need. Write your
answer in the space provided.

Family Resources and Needs

Human Material Nonmaterial

1. House and
1. time 1. time
lot

2. effort 2. Furniture 2. health

3. skills 3. Appliances 3. experience

4. strength 4. Jewelry

5. Automobiles
5. expertise
or cash

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Lesson 1: What I Have Learned
Fill in the blanks
Directions: Choose the appropriate word inside the box to complete the thought of every
sentence.

human resource energy, time, and skills material resources

non-monetary Time experience

1. Human resource is the effort, time, skills, strength, and expertise contributed by a person
who works.
2. Energy, time, and skills are considered as intangible recources and limited.
3. Material resources are things that can be bought and owned through the use of money.
4. Non-monetary material resources are valuable too because they can be sold for a certain
amount of cash.
5. Time fulfills the prescribed duties, and smart maintenance of homes.

Lesson 1: Assessment
Identification
Directions: Identify the following statement that illustrates famiy resources and needs. Write
Human if the statement illustrates as human resources, Material if the statement illustrates as
material resources and Nonmaterial if the statement illustrates as nonmaterial resources. Write
your answer in your activity sheet.

Material 1. Real properties and jewelry increase in value over time.

Nonmaterial 2. Proper scheduling of the different activities as managing the time will help
lessen the unnecessary labor.
Material 3. Another term of material resources is tangible resources.
Nonmaterial 4. Time is used to start and finish the work without giving burden to the body
or resentment to the person.
Material 5. Jewelry is a tangible resources that the value increases over time.
Human 6.Strength is important to accomplish certain task.
Nonmaterial 7. Health of family member is very important in order to perform duties without
delay.
Human 8. Energy is important in performing duties.
Nonmaterial 9. The more experience a family member has, the more he or she will get
hired.
Human 10. Capabilities of an individual is very important in improving the common
good for the society.

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Lesson 2: Activity 2.1
Directions: Underline the human resources examples inside the box and write these underlined
words in the space provided below. Write your answer in your activity sheets.

salary strength insurance skills

1. Strength
time effort house expertise
2. skills
1. time
2. effort
3. expertise

Lesson 2: Activity 2.2

Directions: Encircle the examples of types of family income inside the box.

Lesson 2: What Is It
Multiple Choice
Directions: Encircle the corect letter of your choice. Encircle the letter on the activity sheets
provided.
1. a. Salary
2. d. Income
3. c. Family Income
4. d. Rentals

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Lesson 2: What’s More
Directions: Fill - in the diagram below according to types of family income.

Types of Family Income

Money Income Real Income Psychic Income

(Examples) (Examples) (Examples)

1. Rental 1. Dairy Farming 1. Prestige

2. Inherited
2. Sick Benefits 2. Leisure
Landed Property

3. Project Profits 3. Kneading

4. Monthly Salary 4. Community

facilities

5. Dividends 5. Durable goods

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Lesson 2: What I Have Learned
Fill in the blanks
Directions: Choose the appropriate word/s inside the box to complete the thought of every
sentence.

income family income real income

pension total income commissions

1. Income is the money that is received regularly by an indiviual, for providing goods or
services, earnings from labor, business, or investments.

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