DO IT
A.
Ask the help of your family and other family members to list down the following:
1. Family Resources
Human Resources
Material Resources
Non-material Resources
2. Family Expenses
Priority Needs
- Savings
- Social Needs
B.
Based on the lists of family income and expenses that you came up with, make a monthly
budget. Make sure that you take into consideration priorities and to allocate a percentage
for savings. Consider also family occasions (birthdays, baptism, etc.) and social obliga-
tions (school activities, reunions, etc.)
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Answers & Comments
1.
family resources: Family resources are the means that can be used by the family to cope with difficult situations; these include social, cultural, religious, economic and medical resources.
human resoures: Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.
material resources: Material resources are materials found in the natural world that have practical use and value for humans. Material resources include wood, glass (which comes from sand), metals, edible plants, and plastics (which are made from natural chemicals). Renewable material resources, like glass, can be re-created easily.
non material resources: Some resources are basic materials, such as air, water, and soil; some are produced from basic resources, such as food, fuel, and building materials; and some resources are nonmaterial, such as quiet places, beauty, security, and safety.
2.
savings: Savings refers to the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period. Savings, therefore, represents a net surplus of funds for an individual or household after all expenses and obligations have been paid.
social needs: Social Needs. The social needs in Maslow's hierarchy include such things as love, acceptance, and belonging. At this level, the need for emotional relationships drives human behavior.