Department of Education

NATIONAL CAPITAL REGION

Edukasyong
Pantahanan at
Pangkabuhayan
Home Economics

Grade 6
Specialization

LEARNING COMPETENCY:
LO 1. Enumerates sources of family income.
TLE6_0a-2

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 HOW TO USE THIS MODULE

Before you start answering the module, I want you to set aside
other tasks that will disturb you while enjoying the lessons. Read the
simple instructions below to successfully enjoy the objectives of this kit.
Have fun!
Follow carefully all the contents and instructions indicated in
every page of this module.
Write on your notebook or any writing pad the concepts about the
lessons. Writing enhances learning, that is important to develop
and keep in mind.
Perform all the provided activities in the module.
Let your facilitator/guardian assess your answers.
Analyze conceptually the posttest and apply what you have
learned.
Enjoy studying!

SOURCES OF FAMILY INCOME

Expectation
s

At the end of the module, you should be able to enumerate sources of family
income. (TLE6HE-0a-2)

Pre-Test

I. Matching Type: Match column A with column B. Write the letter

of the correct answer on the line before each number.

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 A B

_____ 1. Income a. medical allowance

_____ 2. Pensions/Retirement b. daily, weekly, monthly wages

_____ 3. Psychic Income c. rent of the house and real state

_____ 4. Real Income d. inherited landed property

_____ 5. Rent ` e. enjoyment income

_____ 6. Salary f. monthly salary

_____ 7. Sick Benefits g. profit from investment

_____ 8. Interest h. saved money

____ 9. Projects i. money that an individual received

in exchange of services

_____ 10. Wages j. interest of the capital deposited in

the bank

k. money received by retired person

Looking Back

Jumbled Letters. Rearranged the letters to form a word that identify family
resources and needs. Write your answer on the blank.

1. Every able-bodied member of the family. People who can contribute the
skills, strengths, time, effort.
UMHAN - _____________________
2. Fuels the human body.
ODOF - ______________________
3. Tangible assets such as house and lot, furniture and appliances, jewelry,
automobiles, and cash.
LAEMTIRA - _____________________
4. Serves as protection against natural threats, such as extreme weather and
dangerous creatures, and even as security against human beings.
STERHEL _ ______________________
5. Intangible resources such as time, health, and experiences.
NNO–AETMILRA - _____________________

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 6. A fiber and textile material worn on the body to enhance personal
appearance and protect it from extreme temperatures and elements of
various climate.
THOLCING _ _____________________
7. Things such as acceptance, appreciation, belonging, and companionship.
SIOCAL SDEEN _ _____________________
8. Boosts self-esteem, gives the confidence to pursue dreams, and alleviates
poverty.
IONEDUACT - _____________________
9. Resources that cultivates cooperation, fulfillment of the prescribed duties,
and smart maintenance of homes.
TIEM - _____________________
10 . Family members can perform their duties they are physically fit.
HTELAH - _____________________

Brief Introduction

Like with any other group of

organization, the family needs money to
sustain its growth and to achieve its goal.
Hence, the family strives to raise money
through various means. Income is the money
that flows into the family to be used in
exchanged for goods, services, or energy.

Income - is the money that an individual or business received in exchange for

providing goods or services.

Family income – is the total income earned by all the members of the household.

You may ask your parents or guardians about your family’s source of income.
They can be derived from the following:

1. Wage or salary are earned for services rendered. This is the money paid to
the father, mother, or children who worked.

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 2. Profit from business and investments are dividends from shares of stocks
and bonds that provide income for the family. These also include profits
made from operating a business.
3. Lease of properties are proceeds from rental of family-owned real estate
properties.
4. Pension is the money receive by a retired family member.
5. Commission and bonus are additional income that is over and above the
regular salary or wage received as reward or incentive.
6. Royalty and copyright are considered additional income for a family
member who has written a book, composed a song, or invented a thing.
Tips in Wise Spending of Your Income

 Make a list of all the things needed at home and their uses.
 Compare the prices of the products to be bought. Avoid buying things with
higher prices than usual.

 Buy in bulk the things that are needed every day.

 Buy fruits and vegetables in season.

 Know the substitute ingredients for expensive items.

 Be familiar with the stores offering lowest prices.

 Go to a store where you can be assured of good quality and standard price.

Activity

Activity 1:
True or False. Write T on the blank if the statement is correct practices and F if
the statement is incorrect.

_____ 1. List all the things needed and its uses before shopping.
_____ 2. Buy things with lower prices than usual. Compare the prices of the
products to be bought.
_____ 3. Give priority to the immediate expenses.
_____ 4. Buy fruits and vegetables not in season.
_____ 5. As a part the family, everyone is obliged to do the assigned tasks.
_____ 6. Save money for an emergency expense.
_____ 7. Home management is a responsibility of every family member.

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_____ 8. Only the father work most for the family’s sources of income.
_____ 9. Know the substitute ingredients for expensive items.
_____ 10. Buy things that are only needed every day.
Activity 2
Enumeration:
Give five (5) forms of money income.
1. ______________________
2. ______________________
3. ______________________
4. ______________________
5. ______________________
Give 5 tips in spending your income wisely.
1. __________________________________________________________
2. __________________________________________________________
3. __________________________________________________________
4. __________________________________________________________
5. __________________________________________________________

Remember

Family income is the income from all sources like salary of family

members, rents and interest received from banks and savings from using

skill of family member.

A part of the income which comes into a family must also kept

aside for future use. This money which is set aside is called “savings” and

may be used at any time in future for any purpose like family needs or

emergencies, children’s marriage or higher education, old age security,

health emergencies or to buy luxury goods and others.

Checking Your Understanding

Answer the following questions

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 1. What are the sources of family income?

2. What are the types of family income and give examples?

3. How can you spend your income wisely?

4. Is it important to manage family income? Why?

Post-Test

Direction: Identify what is being described. Write the letter of the correct answer on
the line.

_____ 1. Among the various material resources available in the family, which is
considered as the main resource?
A. Car B. House C. Lot D. Money
_____ 2. Which of the following is an example of real income?
A. Salary C. Free car from employer
B. Interest of savings D. Dividend of an insurance
_____ 3. The following services are source of family income except____.
A. Free servants C. Free gift check
B. Free transport D. Free medical facilities
_____ 4. Santos Family has no problem with the supply of water and electricity in
their community. These are examples of _____ income.
A. Household B. Money C. Psychic D. Real
_____ 5. The Reyes family has a vegetable garden in their backyard. Excess harvests
are sold in the neighborhood which is a good source for _____ income.
A. Material C. Real
B. Psychic D. Supplementary
_____ 6. Which of the following is the first rule for making a good plan in allocating
budget for your family?
A. Household income must be greater than household expenses.
B. Household income must be lesser than household expenses.
C. Household income must be equal to household expenses.
D. Household expenses must be doubled of your household income.

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_____ 7. All of the following are examples of mandatory expenses that can’t be
eliminated except _____.
A. Child Health Care C. Monthly Bills
B. Gambling D. Property Taxes
_____ 8. Mrs. Rivera includes miscellaneous and emergency expenses in preparing
her family budget plan. Fifteen percent of her family income is allotted for these.
Why do you think she prioritizes these in making her family budget?
A. To be used for unexpected events in the family like attending party.
B. To be used for unexpected events in the family like celebrating birthday.
C. To be used in watching movies and eating in a fast food chains every
week.
` D. To be used for unexpected events in the family like diseases that needs
hospitalization.
_____ 9. Who work most for the family’s sources of income?
A. Brother B. Father C. Mother D. Sister
_____ 10. What is the biggest source of income for the family?
A. Investment B. Profit C. Retirement D. Salary

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References

Gloria A. Peralta. EdD, et al., 2016, Life Skills Through TLE 6, Quezon City,

Vibal Group Inc.

Jessica D. Mendoza, 2016, Technology and Livelihood Education 6, Sta.

Ana, Manila, Aklat@Dunong Publishing, Inc.

Josephine C. Bernardo, Et al., 2019, Home Economics and Livelihood

Education 6, Third Edition, Quezon City, Phoenix Publishing House

Website

slideshare.net/RhyzzadeMesa/management-of-family-resources
quizlet.com/86657092/epp-grade-6-lesson-3-effective-management-of-
household-tasks-flash-cards

Prepared by:

Writer: JOANNE E. MONTUIS

Teacher III
Caloocan Central Elementary School
Schools Division Office, Caloocan

Illustrator: JEANNETH D. AVENIDO

Teacher I
Caloocan Central Elementary School
Schools Division Office, Caloocan

Editor: MARICHU T. CANDELA

Teacher I
Bagong Barrio Elementary School
Schools Division Office, Caloocan