FAMILY

RESOURCE
MANAGEMENT
 Fundamental Concepts in Resource
Management
–There are three important
elements in resource
management: values, goals,
and decisions.
 Fundamental Concepts in
Resource Management

– Values – these are what you cherish

the most and what you consider as
desirable or important. (e.g. honesty,
cooperation, trust, and love)
 Fundamental Concepts in
Resource Management

– Goals – can be implied of definite. It

is something that you aspire to
achieve. It can be short-term or
long-term goal.
 Fundamental Concepts in
Resource Management

– Decisions – they are your conclusions or

judgements about a particular issue or
matter. Decision-making involves
choosing between two or more options.
 Classification of Family Resources

–Family resources can be

classified into two:
 Classification of Family Resources

– Human resources
-are qualities of family members that
contribute to their overall well-being. Human
resources are developed through education,
skills, attitude, knowledge, energy, and time.
 Classification of Family Resources

– Nonhuman or material resources

-are tangible family resources that are
available to you for usage. These are essential for
the achievement of most goals. (e.g. money,
salary, rent, goods, house, car, household
equipment, etc.)
 Use of Resources to Achieve Goals

– Long-Term Goals – Short-Term Goals

 Long-term goals are  Short-term goals are
usually achieved one step achieved for a short period
at a time. of time.
 You must carefully  It is important to evaluate
consider each of the steps the value of all the goals
involved. you set.
 Sources of Family Income

–Wage or salary – are earned for

services rendered. This is the money
paid to the father, mother, or
children who work.
 Sources of Family Income

– Profit from business and investments –

are dividends from shares of stocks and
bonds that add income for the family.
These also include profits made from
operating a business.
 Sources of Family Income

–Lease of property – are

proceeds from rental of family
owned real estate properties.
 Sources of Family Income

–Pension – is the income of

a retired member of the
family.
 Sources of Family Income

–Commission and bonus – are

additional income that is over and
above the regular salary or wage
received as a reward or incentive.
 Sources of Family Income

– Royalty and copyright – are considered

additional income for a family member
who has written a book, composed a
song, or invented a thing.