SOURCES OF

FAMILY
INCOME
TLE6HE-0a-2
JUANITO S. BAMBILLA
Teacher
 INCOME
- is money that an
individual or
business receives in
exchange for
providing goods or
services.
FAMILY INCOME
-is the total
income earned
by all the
members of the
household.
SOURCES OF
FAMILY
INCOME
Salary earned for services
rendered
Bonuses, commissions, or
honoraria given by an
employer to employees
Profits earned from business
Rentals from owned
properties
Dividends from stock holdings
Money Income
Real Income
Psychic Income
Monthly salary of
all the members
who are doing
government or
private services.
Daily,
weekly
or monthly
wages
Rent of the
house and
real estate
Interestof the
capital deposited
in banks, post
offices or from
lending money.
Profitsfrom
investment either
in business or
any other
sources.
Medical
Allowances
Money received
by retired
persons, old age
widow and other
pensioners
 Moneyincome which
provides additional
comforts enjoyed by
the family.
THE REAL
INCOME OF
THE FAMILY
CONSISTS
OF:
a. Inherited landed
property, which
yields crops for the
family.
b. Food furnished by
a kitchen garden.
c. Dairy farming and
poultry farming.
d. Durable goods
and commodities
owned by the
family.
e. Kneading, embroidery,
tailoring, pickling, baking
and activities carried out
in home.
f. All types of knowledge
and services (Household
activities) provided by
the members of the
family.
g. Community facilities like
parks, markets, hospitals,
roads, schools, colleges,
libraries, dispensaries, fire
and police protection,
community entertainments,
social centres etc. Proper
utilization of all these can
increase the real income of
the family.
 This income is the flow of satisfaction
derived by the family from the use of
money income and real income. This
income is also called as enjoyment income,
experienced over a given period of time by
the proper utilization of money income and
real income. We must maximize psychic
income, because our ultimate goal is to
derive maximum satisfaction and peace
from life. It is in the form of rewards (as in
prestige, leisure, or pleasant surroundings)
not measurable in terms of money or goods
but serving as an incentive to work in
certain occupations or situations a
creative artist can reap a psychic
income that money cannot match.
 Total income consists of money
income received over a certain
period of time and the real income
received during the same period
from other sources without
spending one’s own money income.
The family utilizes this total income
to obtain goods and services for the
satisfaction of its needs and saves
some unused money income for
future use, gifts to other persons or
payment of taxes.
Tips in Wise
Spending of
Your
Income:
 Make a lists of all the
things needed at home and
their specification.
 Compare the prices of the
products to be bought.
Avoid buying things with
higher prices than usual.
 Buy in bulk the things that
are needed everyday.
 Buy fruits and vegetables in
season.
 Know the substitute
ingredients for expensive
items.
 Be familiar with the stores
offering lowest prices.
 Go to a store where you can
be assured of good quality
and standard price.
THANK YOU!