Professional Documents
Culture Documents
Name: - Grade/Section
Name: - Grade/Section
Competency:
Allocates budget for basic and social need such as:
1.1.1 Food and clothing
1.1.2 Shelter and education TLE6HE0b-4
1.1.3 Social needs: social and moral obligations (birthday, baptisms, etc.),
family activities, school affairs, saving/emergency budget (health, house repair)
1.2 Prepares feasible and practical budget
1.2.1 Manages family resources efficiently TLE6HE0b-4
1.2.2 Priorities needs over wants
Objectives: At the end of the week, the learner shall be able to:
1. Define budget
2. Enumerate the elements of family budget
3. Allocate budget for basic and social needs
4. Prepare a family budget
Item Budget allocated
5. Manage family resources efficiently
6. Prioritize needs over wants
A. Mr. Abadilla will celebrate his son’s birthday. He managed to have a budget of Php
15, 000.00. He invited his friends and neighbors to celebrate this with his family.
Cake, balloons, candy, ball, ice cream, gift, lantern, coke, series, letters, milk,
Tupperware, Pencil, shoes, slippers, dress, tshirt, calculator, lechon, rice, bag
and chocolate.
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Day 2 Activity 2
Direction: Prepare a monthly family budget using the total income of your family for
one month. See figure 1 in enclosure for your guide.
Family Members:
FIGURE 1
% of budget
ITEM Amount
allotted
Enclosure:
Information Sheet,
Page 5-8
TOTAL
Day 3 Activity 3
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Direction: Interview a parent (A) and a relative (B) about their family budget. Fill up
the chart with the data you’ve collected from them. Tell them that their names will be
held confidentially.
Family A
Monthly Income: Php
Family Members:
Family B
Monthly Income: Php Enclosure:
Family Members: Information Sheet,
Page 5-6
Items Family A (Amount) Family B (Amount)
Food
Education
Clothing
Savings
Total
Ask help from anyone at home.(parent, guardian, elder sister/brother) to review all
the activities you’ve answered.
Rubric, Page 5
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Day 5 Perfomance task
Direction: Write your personal thoughts about the lesson, activities and exercises
given to you this week. You can write it whatever dialect you’re comfortable of.
(English/Tagalog/Bisaya/Kamayo)
Guide Question
Direction: Use a check mark in the appropriate column. YES if the statement is true,
NO if the statement is false.
QUESTIONS YES NO
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.
6. I avoid buying unnecessary things like toys, if they’re out of the
budget.
7. I buy unlabeled canned goods with dents and scratches to save
money.
8. I always wash my hands before and after eating to avoid
sickness and buying expensive medicine.
9. I switch off the lights, TV, and electric fan if it is not being
used.
10. I find some income-generating activity like selling snacks to
my friends, selling bottles to the junk shop and etc.
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Rubric for Grading
Budget
A budget is the amount of money set aside for planned expenses. It is a plan specifying how much
money will be spent or allocated during a particular period.
Budgeting – is a related to the wise use of family resources. It is based on the system by which wages or
salaries are received and how these are to be spent by itemizing the needs of the family and how much
money is needed to meet such needs.
A family budget may differ from one family size and composition, family values and standards of
living. Some families may spend more on food, others on clothing and still others on education. The values
of the family influence its priorities.
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Sample of Monthly Budget
Monthly Income: Php 25,000.00
Family Members: 4
FIGURE 1
ITEM % of budget allotted Amount
Food 40% 10,100.00
Education 16% 4,000.00
Shelter 15% 3,750.00
Utilities 12% 3,000.00
Household Operation 6% 1,5000.00
Clothing 3% 750.00
Recreation 3% 750.00
Savings 5% 1,250.00
TOTAL 100% 25,000.00
The following are some factors that can affect a personal or 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 immediate needs
of most families today.
2. Size and Composition of the family – the more family members are there, the bigger amount of income
is spent on food, clothing, schooling, and for their other basic needs. Also when family 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. Values of the family – different families and different individuals have different values so they have
different priorities on how to spend their money.
4. 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. They can be postponed if the budget is not enough but can be purchased if the budget allows it.
Jewelry, new dresses, cellphones and other electronic gadgets, appliances, and cars are some of the wants
most families would like to buy.
Our needs and wants motivate us to work hard. They encourage and inspire us to get involved in
productive endeavors that will help our families live better. It is important for family members to distinguish
clearly their needs from their wants. In family budgeting, we must prioritize our needs and not wants.
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References:
Prepared by:
Leonora S. Lago
EPP Teacher
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