6

Technology and
Livelihood
Education
Home Economics
Quarter 3: Module 2
Preparing Feasible and Practical
Budget (TLE6HE-0b-4)

NOT FOR SALE

GOVERNMENT
PROPERTY
 Subject Area - TLE Grade 6 HOME ECONOMICS
Self- Learning Module (SLM)

Quarter 3 – Module 1: Allocation of budget for Basic and Social Needs

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6
Technology and
Livelihood Education
Home Economics
Quarter 3: Module 1
Allocation of budget for Basic and
Social Needs

TLE6HE-0b-3

Introductory Message
For the facilitator:

Welcome to the TLE Home Economics Self-Learning Module (SLM) on

 Allocation of budget for Basic and Social Needs.

This module was collaboratively designed, developed and reviewed by

educators from public institutions to assist you, the teacher or
facilitator in helping the learners meet the standards set by the K to
12 Curriculum while overcoming their personal, social, and
economic constraints in schooling.

This learning resource hopes to engage the learners into guided and
independent learning activities at their own pace and time.
Furthermore, this also aims to help learners acquire the needed 21st
century skills while taking into consideration their needs and
circumstances.

In addition to the material in the main text, you will also see this box in
the body of the module:

As a facilitator you are expected to orient the learners on

how to use this module. You also need to keep track of the learners' progress
while allowing them to manage their own learning. Moreover, you are
expected to encourage and assist the learners as they do the tasks included
in the module.
 Introductory Message

For the facilitator:

Welcome to the TLE Home Economics Self-Learning Module (SLM)

on Preparing feasible and practical budget

This module was collaboratively designed, developed and

reviewed by educators from public institutions to assist you, the teacher
or facilitator in helping the learners meet the standards set by the K to
12 Curriculum while overcoming their personal, social, and economic
constraints in schooling.

This learning resource hopes to engage the learners into guided

and independent learning activities at their own pace and time.
Furthermore, this also aims to help learners acquire the needed 21st
century skills while taking into consideration their needs and
circumstances.

In addition to the material in the main text, you will also see this
box in the body of the module:

Notes to the Teacher

This contains helpful tips or strategies that will

help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to

use this module. You also need to keep track of the learners' progress
while allowing them to manage their own learning. Furthermore, you
are expected to encourage and assist the learners as they do the tasks
included in the module.

.
 i

For the learner:

Welcome to the TLE Home Economics Self-Learning Module (SLM)

on Preparing feasible and practical budget.

This module was designed to provide you with fun

and meaningful opportunities for guided and
independent learning at your own pace and time.
You will be enabled to process the contents of the
learning material while being an active learner.

This module has the following parts and

corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to
learn in the module.

What I Know This part includes an activity that aims

to check what you already know
about the lesson to take. If you get all
the answers correct (100%), you may
decide to skip this module.

What’s In This is a brief drill or review to help you

link the current lesson with the previous
one.

What’s New In this portion, the new lesson will be

introduced to you in various ways such
as a story, a song, a poem, a problem
opener, an activity or a situation.

What is It This section provides a brief discussion

of the lesson. This aims to help you
discover and understand new
concepts and skills.
 What’s More This comprises activities for
independent practice to solidify your
understanding and skills of the topic.
You may check the answers to the
exercises using the Answer Key at the
end of the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to
process what you learned from the
lesson.

What I Can Do This section provides an activity which will

help you transfer your new knowledge
or skill into real life situations or
concerns.

This is a task which aims to evaluate

your level of mastery in achieving the
Assessment learning competency.

Additional Activities In this portion, another activity will be

given to you to enrich your knowledge
or skill of the lesson learned. This also
tends retention of learned concepts.
This contains answers to all activities in
Answer Key
the module.

At the end of this module, you will also find:

References This is a list of all sources used in

developing
this module.
The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any
part of the module. Use a separate sheet of paper in answering
the exercises.
2. Don’t forget to answer What I Know before moving on to the
other activities included in the module.
3. Read the instruction carefully before doing each task.

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4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through
with it.

If you encounter any difficulty in answering the tasks in this module,

do not hesitate to consult your teacher or facilitator.

Always bear in mind that you are not alone.

We hope that through this material, you will experience meaningful

learning and gain deep understanding of the relevant
competencies. You can do it

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 What I Need to Know

This self-instructional learning module in TLE 6 Home Economics will

expand your knowledge to

● prepare feasible and practical budget

∙ manage family resources efficiently

∙ prioritize needs over wants

After going through this module, you are

expected to:

● Prepare feasible and practical budget

Code: (TLE6HE-Oc-4)

What I Know
Before you proceed, let us check your prior knowledge about
family resources and practical budget.

Pretest

A. Direction: Complete the statement by choosing the

appropriate word. Encircle the letter of your answer.

1. Time is _____ and not be wasted.

A. diamond C. pearl

B. gold D. ruby

2. _____ is the ability of the body to do work

. A. Energy C. Talents
 B. Knowledge D. Time

3. _____ should know how to maximize the use of the family

resources.

A. children C. mother

B. father D. all family members

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4. A money received by a father/mother or anyone from the
family who’s working is called _______.

A. expenses C. outcome

B. income D. savings

5. _____ include people and things that the home manager of

the family understands how valuable it is and should be used
wisely.

A. References C. Responsibilities

B. Resources D. Work load

LESSON: PREPARING FEASIBLE AND PRACTICAL BUDGET

Budgeting is the process of creating a plan to spend your money. This

spending is called a budget. Creating this spending plan allows you to

determine in advance whether you will have enough money to do the things

you need to do or would like to do. Unlike what we might believe, budgeting

isn’t all about limiting what you spend money on and cutting out all the fun in

your life. It’s really about understanding how much money you have, where it

goes and then planning how to distribute those funds best.

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 What’s In

BASIC ELEMENTS OF A GOOD BUDGET

A good budget will take into account a few basic elements; without
considering these elements, your budget may be incomplete.

Direction: Match column A with its meaning in Column B

A B

1. It is the most basic element of all budgets. a. fixed expenses

You should keep track of how
much you make and from which sources. b. flexible expenses

2. Expenses over which you have little

control or are unchangeable.

3. Expenses that refers to things that c. income

you want to spend money on but
don’t necessarily need.

4. A budget that can be used in your d. unplanned

expenses & savings
 that should be use for emergency
purposes only.

What’s New

COMPONENTS OR ELEMENTS OF FAMILY BUDGET

1. Food- groceries, raw and cooked food, staples, condiments, and spices
2. Shelter- if not renting, includes taxes, repair, and maintenance
3. Clothing- uniforms, clothes, and accessories

4. Education- tuition fees, books, daily food, transportation allowance of the

children
5. Household operations- things needed
3 in the house, beddings, curtains,

furniture, and other paraphernalia to make family members comfortable

6. Utilities- electricity, water, and telephone bills, gas, salaries of helpers
7. Health, medicine, check-up
8. Recreation- family outings, outside dining, watching movies
9. Savings- the amount set aside or deposited in the bank

SAMPLE OF MONTHLY BUDGET

Monthly Income: Php 25,000.00

Family members: 4

ITEM % OF BUDGET ALLOTED AMOUNT

Food 40 10,000.00
Education 16 4,000.00
Shelter 15 3,750.00
Utilities 12 3,000.00
Household operation 6 1,500.00
Clothing 3 750.00
Recreation 3 750.00
 Savings 5 1,250.00
TOTAL 100 25,000.00

What is It

FACTORS AFFECTING FAMILY BUDGET

The following are some factors that can affect personal and family budget:
1. Amount of Income – the higher the income of the family the greater the
amount that
the family members can spend for their needs and wants. But the
greater the income the more savings the family can have for
the future. On the other hand, the smaller the income of a
family, the more it needs to spend for what is most important
and immediate needs. Food, shelter, clothing, education and
utilities are some of the immediate needs of most families today.
2. Size and composition of the family- the more family members are there, the
bigger amount of income will be spent for food, schooling, clothing and
other basic needs. Also, when family
4 members are still young and growing up,

the more expenses are needed for their food, health and medical expenses,
clothing and other basic needs.
3. Needs and wants of the family- needs are materials which the family
members need to survive on a day-to-day basis. Food, shelter and clothing
are basic needs. Today however, education, transportation, lights and water
are also considered needs. Wants, on the other hand, are materials that the
family members desire to have.

Ways by which a family can effectively prepare practical budget:

 1. Know the family income – availability of cash on hand.
2. List of expenses
3. Classify expenses – determine which items should be given
priority
4. Compute the amount needed for expenses – if money is not
enough to meet all the expenses listed, think of ways by which
you can cut cost or augment income.
5. Keep records of expenditures – have comparison of the
expenses with the amount of income.
6. Let each member know how much is allotted for every item –
example of item is the children’s allowance for school.
7. Buy only the things needed and within the allotted budget. 8.
Have each family member learn to budget his/her allowance.

What’s More
I. Direction: Unscramble the letters to form the correct word and write it on the
blank before each number
____________________ 1. DGETBU – it is planned spending of the income or money of
the family.

____________________ 2. TSWAN – nonessential thing you can forego or set

aside for the moment.

____________________ 3. FDOO – has the biggest share in the family

income since the health and life of the family depends on it.

____________________ 4. THINGLCO – this will highly depend on the age, type of

activity or occupation and lifestyle of the family members.

____________________ 5. INGSAVS – one of the things to consider in preparing the

family budget.

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 What I Have Learned

To wrap up everything that we have discussed on how to prepare feasible and

practical budget, please answer the question

● What are the things to be considered in making a budget for the family?
________________________________________________________________________
________________________________________________________________________
____________________________________________________

What I Can Do

Direction: Put a check (∕) on the blank before each number if the statement is an
effective way to implement family budget and X if not.

_____ 1. I save a part of my daily allowance for future use.

_____ 2. I buy only the things which is needed and within the allotted budget.

_____ 3. I stick to my market list when buying.

_____ 4. I recycle my used notebooks, pens, etc. so that I can use it again.
_____ 5. I mend tears on my clothes right away to avoid buying a new one.

Assessment

Direction: Write T if the statement is correct and F if the statement is wrong.

_____1. Buy large furniture even if it is not important.

_____2. Choose a simple lifestyle.

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_____3. Recycle and reuse materials to save money.

_____4. Buy products that are imported.

_____5. Develop a habit of riding even if the place you are going is nearby.

Additional Activities

Congratulations! You’ve come so far to our lesson. I

hope you’ve learned a lot about our lesson and you
are now aware of the practical family budget and
home management.

Directions: To wrap up everything that we have discussed about the

practical family budget and home management, please answer the
questions written below, write your answer in your TLE notebook.

● Make a sample of your family’s monthly budget.

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 What I know What’s In What’s New
Pretest
B income 1.budget
A fixed expenses
D flexible expenses
B unplanned expenses and savings 2.wants
B
3.food
4.clothing
5.savings
What I can do What I Have Learned
Assessment
1.∕ Family income
F Size and composition of the
2. .∕ family
T 3. .∕ Needs and wants of the family
T 4. .∕
F 5. .∕
F
Additional Activities:
No wrong answer
Answer Key
Additional Activities
Activity 7
No wrong answer.
 References 8

Gloria Peralta, Ruth Arsenue, Catalina Ipolan, Yolanda Quiambao and Helenay Ann
Ariola. “Life Skills Through TLE Textbook” Vibal Group Inc. (2016)

https://www.scribd.com/document/378531517/LM-TLE-6-HE-1?
fbclid=IwAR3qMed6O0-dHND1MV5EHxT3CeeDrMidN_LTNwHmrclzdzHdm7rrAl781m0

https://www.investopedia.com/terms/b/budget.asp
https://ph.search.yahoo.com/search;_ylt=AwrXnCUPKBJgkFYAnQIfH4pQ;_ylu=Y29sbw
NncTEEcG9zAzEEdnRpZAMEc2VjA3BpdnM-?p=budgeting&fr2=piv-web&fr=mcafee