This Self-Learning Module (SLM) is prepared so that you, our dear learners, can continue your studies and learn while at home. Activities, questions, directions, exercises, and discussions are carefully stated for you to understand each lesson.
Each SLM is composed of different parts. Each part shall guide you step-by-step as you discover and understand the lesson prepared for you.
Pre-tests are provided to measure your prior knowledge on lessons in each SLM. This will tell you if you need to proceed on completing this module or if you need to ask your facilitator or your teacher’s assistance for better understanding of the lesson. At the end of each module, you need to answer the post-test to self-check your learning. Answer keys are provided for each activity and test. We trust that you will be honest in using these.
Please use this module with care. Do not put unnecessary marks on any part of this SLM. Use a separate sheet of paper in answering the exercises and tests. And read the instructions carefully before performing each task.
If you have any questions in using this SLM or any difficulty in answering the tasks in this module, do not hesitate to consult your teacher or facilitator.
Budget refers to the total amount intended for the expenses of the whole family. The budget of the family must be used wisely and carefully plan to determine how much money will be spent or allocated during a certain period.
This module was designed and written as an instructional material. It will help you master the most essential learning competencies that you should learn inside the classroom setting or home as part of the learner’s assignment. It has specific lesson directed to the attainment of learning outcomes. It also follows the standard sequences of the course.
The lesson discusses on how to prepare and allocate budget for a family.
1.1.1 food and clothing;
1.1.2 shelter and education;
1.1.3 social needs: social and moral obligations (birthdays, baptisms etc.) family activities, school affairs savings/emergency budget (health, house repair);
1.2.1 manages family resources efficiently;
1.2.2 prioritizes needs over wants.