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TLE HE 6 Module 2
TLE HE 6 Module 2
TLE - HE
Quarter 2 - Module 2:
Allocation of Budget for Basic and
Social Needs
TLE-Home Economics – Grade 6
Alternative Delivery Mode
Quarter 2 - Module 2: Allocation of Budget for Basic and Social Needs
First Edition, 2020
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TLE - HE
Quarter 2 - Module 2:
Allocation of Budget for Basic
and Social Needs
What I Need to Know
The money being used by the family comes from salary or other forms of
income of family members. It can also come from bonuses, commissions or
honorarium received by an employee.
By means of proper budgeting, the family can properly allot the income. All
family members should have a knowledge of family budgeting to know how much is
spent for family needs and where the income goes.
Content Standard
Demonstrates an understanding and skills in managing family
resources.
Performance Standard
Learning Objectives
1
What I Know
II. The following are all important, but they can still be classified under
NEEDS or WANTS. Identify which can be the need, and which can be the
want. Write NEEDS or WANTS in your notebook.
2
Lesson Allocation of Budget for
2 Basic and Social Needs
The standard of living of people is reflected in their family budget. Money can
be managed properly by allocating budget wisely. Make a plan for the family’s
expenses. Through this, the family will learn to spend wisely, save regularly, and
participate in family matters more actively.
What’s In
Are you ready to start your day in a more productive way? If yes, that’s good!
If no, then you must think twice. I am sure you would like to contribute something
good to your family. You may be thinking how. Therefore, this module will help you
find out the secret on how to budget and have a wise spend of money.
What’s New
3
Tina clutched her savings with her two hands. She felt mixed emotions
in her heart. What about the birthday blowout that she had promised to her
friends? But Den-Den is sick, and she loves her brother so dearly.
Shortly, Tina folded the money in her hands. Then, she approached
Mother. She almost choked as she said, “Mother, I have some savings. Please
bring Den-Den to the hospital.”
Tears flowed down on Tina’s cheeks, but she felt no remorse for what she
did. She felt lightness in her heart. She knew that she had done what she ought
to do.
If you were Tina, would you have done the same thing? Why or why not?
What is It
https://www.philstar.com/business/2019/09/24/1954341/budget-deficit-seen-
widen-next-year
LET’S BE INFORMED
4
Components or elements of a family budget
• Food – groceries, raw and cooked food, staples, condiments, and spices
• Shelter – if not renting, includes taxes, repair, and maintenance
• Clothing – uniforms, clothes, and accessories
• Education – tuition fees, books, daily food, transportation allowance of children
• Household operations – things needed in the house, beddings, curtains, furniture,
and other paraphernalia to make members comfortable
• Utilities – electric, water, and telephone bills, gas, salaries of helpers
• Health – medicine, check-up
• Recreation – family outings, outside dining, watching movies.
• Savings – the amount set aside or deposited in the bank
3. Choose a simple lifestyle that you can sustain with your earnings.
4. Buy only things that are needed.
5. Schedule your expenses.
5
6. Follow a shopping and marketing schedule.
1. Amount of Income – the higher the income of the family, the greater the
savings the family can have for the future. On the other
their money.
4. Needs and wants of the family – needs are materials which the family
6
education, transportation, lights, and water are also
and cars are some of the wants most families would like
to buy.
Needs and Wants
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.
What’s More
A. True or False: Write TRUE if the statement is correct and FALSE if it is wrong.
Write your answer in your notebook.
1. Cellphones, books, computers and laptops are basic items that one need from
day to day.
2. One important consideration in making a list of expenditures is to know your
priorities.
3. Balance your income and expenditures.
4. Buy your needs first before anything else.
5. Fixed expenses may be increased or decreased depending on the money
available.
6. Needs are those things which family needs to survive on a day to day basis.
7. Know your income or allowances for a definite period of time -monthly, weekly,
daily.
8. Spending for fun and satisfaction that comes occasionally can be part of a
budget.
9. Family budget represents family income.
10. Needs first before wants.
B. Identify what component of family budget the following belongs. Write your
answer in your notebook.
7
______ 2. House repair, house rental, amortization
______ 3. Underwears, jackets, t-shirts
______ 4. Tuition fees, notebooks, school bag
______ 5. Electric fan, dining set, kitchen wares
______ 6. Salary of workers, water bills telephone bill
______ 7. Doctor’s fee, medicines, laboratory tests
______ 8. Field trip, swimming, outing
______ 9. Deposits, investments, insurance
______ 10.Fruits, vegetables, fish
C. Adopt the 70-20-10 principle of budgeting for the following families. Show
recommended breakdown of their expenses. Write your answer in your
notebook.
LET’S REMEMBER
8
5. Factors affecting family budget are amount of income, size and composition of
the family, values of the family, needs and wants of the family.
6. There are six steps in making a budget.
7. The proper method of handling the budget is to separate in envelopes the money
allotted for all expenses listed on the budget. Do not touch the money for an item
unless it will be used for the intended purpose
What I Can Do
Using a pie graph below, prepare a monthly family budget using the total
income of the family for one month. You can make your own pie graph if it is not
applicable to your family budget. Do this in an illustration board or folder in a
creative way. Use rubrics to assess your output. Pass it through your parent for your
score.
RUBRICS
CRITERIA POINTS
1 2 3 4
Use of Visuals Missing Missing Unclear Clear
in Pie Graph most some labeling or labeling or
labeling or labeling or coloring of coloring of
coloring of coloring of key items. key items.
key items. key items.
Mechanics of Many math Some math No major No math
Pie Graph errors. errors. math errors.
errors.
Use of Data Missing Missing Unclear Clear
Table most some labeling of labeling of
labeling of labeling of key items. key items.
key items. key items.
Demonstrated Many Some Few errors No errors
Knowledge of errors errors made when made when
Data Table made when made when transferring transferring
and Pie Graph transferring transferring information information
9
information information from data from data
from data from data table to pie table to pie
table to pie table to pie graph. graph.
graph. graph.
Neatness of Few things Some Most things Everything
Data Table of are neat things are are neat is neat and
Pie Graph and neat and and readable.
readable. readable. readable.
TOTAL
Assessment
Direction: Identify the following. Choose the correct answer inside the box below.
Write your answer in your notebook.
1. The higher the income of the family, the greater the amount that the family
members can spend for their needs and wants.
2. 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.
3. Different families and different individuals have different values so they have
different priorities on how to spend their money.
4. The more family members are there, the bigger amount of income is spent on
food, schooling, clothing, and for their other basic needs.
5. 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.
6. Materials which the family members need to survive on a day to day basis like
food, shelter, and clothing.
7. Classified as fixed, flexible, occasional, and emergency expenses.
8. Inform all the members of the ___________ about the budget.
9. Materials that the family members desire to have.
10. The combined earnings of the father, mother, and other members of the
family.
expenses
10
Additional Activities
Interview a parent (A), and a relative (B) about their family budget. Fill up the chart
with the data collected. Tell them that their names will be held confidentially. Write
it in a long bond paper and pass it to your teacher through your parent.
11
12
What’s More What I Know
C. 1. Expenses: Php 49, 000.00 I.
Savings: Php 14, 000.00
Emergency Savings: Php 7, 000.00 1. FOOD
2. Expenses: Php 31, 500.00 2. SHELTER
Assessment Savings: Php 9, 000.00 3. CLOTHING
Emergency Savings: Php 4, 500.00 4. EDUCATION
1. Amount of 5. HOUSEHOLD
budget OPERATIONS
2. Budgeting
6. UTILITIES
3. Values
7. HEALTH
4. Size and
composition 8. RECREATION
What’s
5. Budget What’s More 9. SAVINGS
More
6. Needs 10. FOOD
7. Expenses A. B.
8. Family II.
9. Wants 1. FALSE 1. FOOD
2. SHELTER 1. WANTS
10. Family income 2. TRUE
3. CLOTHING 2. NEEDS
3. TRUE
4. EDUCATION 3. WANTS
4. TRUE
5. HOUSEHOLD 4. WANTS
5. TRUE
OPERATION 5. WANTS
6. FALSE
6. UTILITIES 6. WANTS
7. TRUE
What I Can Do 7. HEALTH 7. NEEDS
8. TRUE
8. RECREATION 8. WANTS
9. TRUE
Activity 2 9. SAVINGS 9. NEEDS
10. TRUE
10. FOOD 10. NEEDS
Output rating may vary
Answer Key
References
Internet sources
https://www.economicsdiscussion.net/articles/family-budgets-meaning-importance-and-engles-
law-of-family-expenditure/1457
https://www.doughroller.net/tools-resources/10-online-budget-tools
https://www.philstar.com/business/2019/09/24/1954341/budget-deficit-seen-
widen-next-year
www. Agrademath.com/rubrics/pieGraph.html
https://www.bing.com/search?q=expenditure&qs=EP&pq=expenditure&sc=8-
11&cvid=C29D25C4C90144ED951AA856965A1ED2&FORM=QBRE&sp=1
https://www.bing.com/search?q=RECREATION&qs=n&form=QBRE&sp=-
1&pq=recreation&sc=8-10&sk=&cvid=FBC4A0C2E62543ACAB1B50D3283DD522
https://www.bing.com/search?q=expenses&qs=EP&pq=expense&sc=8-
7&cvid=B984E3943D964A8587C6CE11E30EAE9D&FORM=QBRE&sp=1
https://www.bing.com/search?q=utilities+DEFINITION&qs=n&form=QBRE&sp=-
1&pq=utilities+definition&sc=8-
20&sk=&cvid=2BE743B725144C3897F9E88DC111BF0C
Home Life 6
Rosario B. Butaran, et.al.
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