LESSON EXEMPLAR USING THE IDEA INSTRUCTIONAL PROCESS

Learning Area TLE 6

Learning Delivery Modality Modular Distance Modality

School MAHAYAHAY ELEMENTARY SCHOOL Grade level Grade 6

Learning TLE – HOME
Teacher MA. TRECILLA E. MALABANAN
Area ECONOMICS
LESSON
EXEMPLAR Teaching
Quarter First Quarter
Date
Teaching
No. of Days 3 days
Time

At the end of the lesson, learners are expected to:

1. understand the factors affecting the management of family
resources;
2. recognize wise spending habits for family income;
3. reflect on the importance of valuing needs over wants; and
4. create a feasible and practical budget plan for family income
I. OBJECTIVES

A. Content The learner demonstrates an understanding of and skills in

Standards managing family resources

B. Performance The learner manages family resources applying principles of home

Standards management
C. Most Essential
Learning 1.1 Prepares feasible and practical budget
Competencies 1.2.1 Manages family resources efficiently
(MELC) 1.2.2 Prioritizes needs over wants
(if available, write
the indicated TLE6HE0b-4
MELC)
D. Enabling
Competencies
(If available, write
the attached
enabling
competencies)
II. CONTENT Managing the Family Income
III.LEARNING
RESOURCES
A. References
a. Teacher’s Guide MELC TLE G6 p. 353, PIVOT BOW R4A p.280
Pages
b. Learner’s Life Skills Through TLE Textbook pp.104-107
Material Pages
c. Textbook Pages Learning and Living in the 21st Century pp. 192– 197
 d. Additional
Materials from
Learning
Resources
B. List of Learning
Resources for
Development and module, journal, paper and pencil
Engagement
Activities
IV.PROCEDURES

The teacher will explain the guidelines to be followed using

Modular Distance Learning

General Guidelines for Learners using Modular Distance

Learning

The following are the reminders of what the learners are

expected to do while at home:

1. Pay careful attention to the time allotted for this session.

2. Take care all the provided learning resources.
3. DO NOT WRITE ANYTHING on the learning modules. Use
A. Introduction
separate answer sheet or paper for your activities.
3. Be resourceful in gathering additional learning materials to help
you in studying the lesson.
4. Learners may ask help or assistance to any of their family
members if necessary, to fully understand the topic.
5. Learners can communicate with their teachers in the easiest
and safest way for them for queries and clarifications.

What I Need to Know?

The teacher informs the learners of the following objectives of

the lesson:
Learners are expected to prepare a feasible and practical
budget, manage family resources efficiently, and prioritize needs
over wants.

Specifically, it aims to:

1. understand the factors affecting the management of family

resources;
2. recognize wise spending habits for family income;
3. reflect on the importance of valuing needs over wants; and
4. create a feasible and practical budget plan for family income
 What is new?

The teacher provides preliminary activity that introduces initial

concepts on the learning targets.

Activity 1: What do we have?

 Which among the pictures can you see at home?

 Which among the pictures do you usually use at home?
 Which among the pictures do you consider as needs? as
wants? Why?

What I know?

The teacher presents preparatory assessment to expose the

learners on what he/she knew, what he/she does not know, and
she/he wanted to know and learn.

Direction: Find out what you already know about the lesson by
B. Development classifying if the statement is True or if it is False.

________ 1. Cell phones, books, computers, and laptops are basic

items that one needs 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 the family needs to
survive on a day to day basis.
________ 7. Know your income or allowances for a definite period
of time.
________ 8. Spending for fun and satisfaction that comes occas-
sionally can be part of a budget.
________ 9. Budget is a plan for spending only.
________ 10. Needs first before wants.
What is in?

The teacher introduces vocabulary words to be used in the

lesson.
Directions: Study the meaning of each word below.

lifestyle way of living

expenditure list of expenses

earnings income, profits, money

earned

balance to arrange so that one

element is equal to the other
element. In this lesson, the
income equals the expenses.

components In this lesson, it refers to the

list of items to be spent for in
a budget.

priority importance of one item over

another

contingency possible event that may

happen

to gather or pile up
accumulate

scrimp to save or to economize

to put one’s money in

investment something so it can earn
profit in return
What is it?

The teacher presents a picture of two men with different

lifestyles.

A B

Questions:
1. Observe the picture, what are the similarities and
differences of both men based on their living conditions?
2. Who do you think between them prioritizes needs over
wants? Why?

Today’s family income has become bigger and bigger with

more family members of the family earning a living. With the
increase in income, there is a corresponding increase in
expenditure. Expenditure should be planned so that it does not
exceed the income. To be able to do this, wise management of
family resources is necessary.

Factors Affecting the Management of Family Resources

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 they can spend for their needs and wants. Also, the more they
can save for the future. On the other hand, the smaller the income
of a family, the more that they need to spend for what is most
important and immediately needed. Food, shelter, clothing,
education, and utilities are some immediate needs of most families
today.

2. Size and Composition of the Family

The more members there are in the family, the more to
serve on the table, the more expensive for their schooling, for their
clothing, and for their other needs. Also, when family members are
still young and growing up, there are more expenses for food,
health, medical necessities, clothing and other needs.

3. Values of the Family

Values of the family can be seen based on what they
prioritize in their expenses. Is it the education of the children? Are
they willing to sacrifice food, clothing, and even shelter so they can
give a good education for the children? Different families and
different individuals have different values, so they have different
priorities on what to spend their money for.

4. Needs and Wants of the Family

Needs are those that the family needs to survive on a day-to-
day basis. Food, shelter, clothing are basic needs. Today, however,
education, transportation, electricity, and water are also
considered needs. These are spent for comfortable living. Wants on
the other hand, are those 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. Pieces of jewelry, new dresses,
cellphones and other electronic gadgets, appliances, and cars are
some of the wants most families would like to buy.

Components or Elements of Family Budget

1. Food – groceries, raw, and cooked food, staples, condiments,

spices.
2. Shelter – if not renting, include taxes, repair, and main-
tenance.
3. Clothing – uniforms, clothes, and accessories.
4. Education – tuition fees, books, daily food, transportation
allowance of the children
5. Household operations – things needed in the house,
beddings, curtains, furniture, and other paraphernalia to
make family members comfortable
6. Utilities – electricity, water, and telephone bills, gas,
salaries of helpers
7. Health, medicine, check-up
8. Recreation – family outings, outside dining, watching movies
9. Savings – the amount set aside or deposited in the bank

Sample of Monthly Budget

Monthly Income: ₱25,000
Family Members: 4

Item % of Budget Allotted Amount in Peso

Food 40 10,000
Education 16 4,000
Shelter 15 3,750
Utilities 12 3,000
Household 6 1,500
Operation
Clothing 3 750
Recreation 3 750
Savings 5 1,250
Total 100 25,000

Questions:

1. What are factors affecting the management of family resources?

2. What are the components or elements of family budget?

3. What are the immediate needs of most of the families.

4. What are considered needs?

5. What are considered as wants?

6. Which should receive the biggest budget allotment?

7. When is the best time to consider allotting savings in the budget

plan?

8. How should savings be allotted in a budget plan?

9. Why is there a need to prioritize your needs when preparing a

budget?

10. How should income and expenses be balanced if you have a

very limited income?

Activity 2: Share your thoughts

A B
The teacher presents the picture of men with different lifestyle
again.
Recall the picture of the men who were presented earlier. Now
that you have studied the factors affecting family resources,
management and components of family budget, share your
thoughts about the situation of two men in the picture. What are
their similarities and differences? Who do you think managed his
resources efficiently?

_________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

________________________________________________________________.
Here are tips on the proper method of handling the budget:

 Have separate envelopes for each of intended expenses. This

means putting in one envelope, the money for electricity,
water, telephone, cable, etc; in another envelope, the school
allowances of the children, etc. Keep the envelopes in a safe
place. Do not touch the envelopes unless needed.

 Keep a list of what to buy before shopping.

 Bring the required amount of money to spend. You can bring

extra money of about 10 to 20 percent more than the total
amount of your purchase.

 Stick to your list when buying. Follow the quantity and cost
indicated. However, there may be some adjustments needed
if price changes.

 Buy your needs first before anything else.

 Remind children if they are with you, that no budget is

allotted for expenses other than those in the list.

 However, small treats for the children may be given after

purchasing all those in the list.

Effective implementation of the Budget

1. Inform all the members of the family about the budget.

2. Choose a simple lifestyle.

3. Buy only things that are needed.

4. Children should spend their allowances wisely.

5. Conserve energy and other utilities.

6. Recycle or reuse materials.

7. Take good care of your belongings.

8. Buy products that are locally made.

9. Develop the habit of walking if the place where you are going is

near.
 Activity 3: Recognizing Resources

Based on the legend, color the resource that you value for each row
Legend:
T – Time S – Strength
M – Money C – Capability/Skill/Talent
Task T M S C
1. Buy large furniture even if there is little room in order to
save because it is on sale.
2. Saving a small portion of the allowance daily.
3. Buying clothes for long-term use.
4. Having recreation activities to forget problems.
5. Buy things that are extravagant.
6. Take good care of belongings.
7. Ride a car if it is too hot or if you are wearing new clothes.
8. Buy products that are locally made.
9. Compare the prices of product to be bought.
10. Buy fruits and vegetables in season.

What is more?
Activity 5: I can do more
How can you help in the effective implementation of your family
budget?
Put a star ( ) in the circle of the statement that fits you or your
family.
1. I save a part of my daily allowance for future use.
C. Engagement
2. I buy only the things which are needed and within
the allotted budget.
3. I stick to my market list when buying.
4. I recycle my used notebooks, ball pens, etc. so
that I can use them again.
5. I mend tears on my clothes right away to avoid
buying new one.
6. I avoid buying unnecessary things like toys if
they are out of the budget.
7. I prefer fresh and nutritious food like fruits and
vegetables as they are healthful and cost less.
8. I find some income-generating activities like
selling bottles of ketchup or soy sauce and old
newspaper in junkshops.
9. I always wash my hands before and after eating
to avoid getting sick that may lead to having to
buy expensive medicine.
10. I switch off the lights, TV, and electric fan when
they are not being used.
What I can do?

Activity 6: Analyze to Realize

Formula to Success

Chinkee Tan is a top Filipino motivational speaker, wealth

and life coach whose goal is to inform, educate, motivate, and
disturb. His vision is to help
people become financially literate
and debt-free.
Chinkee Tan was only 12
years old when he tried his hands
at selling everything from toilet
paper to t-shirts to his classmates
and friends. He did it to support
his parents, who were struggling
with family finances at that time
after their textile business closed
down.
The financial crisis that
struck his family taught Chinkee early life skills about making
money. Instead of getting desperate about his family’s uncertain
financial future, he took the challenge of becoming financially
independent by learning the ropes of entrepreneurship.
Chinkee grew up watching his parents ensure the family’s
survival by earning a living through hard work and perseverance.
When you prioritize savings, you are saving for the future.
Prioritizing your savings means setting aside savings first from
your income before spending it. But many people do this wrong.
They would spend first and promise to save whatever is left.
“The right money value which I inherited from my parents is
to save first before spend. They taught me the principle 50-25-25.
For every peso I earn, 50 cents go to savings, 25 cents goes to
investment, and 25 cents goes to spending. If I want to spend one
peso, I have to earn four pesos so that two pesos go to savings, one
peso goes to investing and one peso for spending. That is how I
acquired the habit of saving at a young age,” Chinkee explains.
“What is important is that you prioritize your savings. Spend
only after you’ve allotted an amount for your savings. Save early
and save regularly.”
Chinkee initially ventured into selling of real estate and
insurance products before he eventually put up his own direct
selling company, which now has a sales force numbering 30,000.
Years later, he would cash in on the growth of his company by
selling it at a good price.
Today, Chinkee Tan is one of the most sought-after
motivational speakers in the country. He has also authored five
best-selling books sharing his experiences on money and personal
finance, which have sold over a million copies to date.
Having the right business opportunity does not necessarily
ensure success. It is with a positive mindset that people like him
can succeed in life.
 Based on the article, make a reflection about how prioritizing
needs over wants can help you efficiently manage your family
resources.

_________________________________________________________
_________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
_____________________________________________________.

What else I can do?

Activity 7: Managing Financial Resources

Directions: Make a weekly budget of your allowance and list down
your needs and allocate a percentage of your allowance for each
item.
Weekly Allowance: ___________________

Item % of Budget Allotted Amount

Total
 What I have learned?

The teacher will present a concept map to be used as reflective

learning.

You had a great learning journey! Now, let’s recall the

important points that you have learned.

Question:
What do you need to consider in efficiently managing your
family resources? Complete the concept map by indicating the
factors affecting the management of family resources and other
missing points.
D. Assimilation
Managing
Family
Income

Factors Affecting
the Management of
Family Resources

5.
1.
6.
2. Shelter
7.
3.
8.
4.
9. Savings
A. True or False
Direction: Find out what you already know about the lesson by
classifying if the statement is True or if it is False.

________ 1. Cell phones, books, computers, and laptops are basic

items that one needs 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 the family needs to
survive on a day to day basis.
________ 7. Know your income or allowances for a definite period
of time.
________ 8. Spending for fun and satisfaction that comes occas-
sionally can be part of a budget.
________ 9. Budget is a plan for spending only.
________ 10. Needs first before wants.
What I can do?
The teacher gives activities that helps learner engaged in
learning and further understand the concepts through real-life
activity.

A. Ask the help of your family and other family members to list
down the following:

1. Family Resources
- Human Resources
- Material Resources
- Non-material Resources
2. Family Expenses
- Priority Needs
- Savings
- Social Needs

B. Based on the lists of the family income and expenses that you
came up with, make a monthly budget. Make sure that you take
into consideration priorities and to allocate a percentage for
savings. Consider also family occasions (birthdays, baptism, etc.)
and social obligations (school activities, reunions, etc.)

Rubrics for Keeping Records:

Indicators Excellent Good Poor

(5 pts.) (3-4 pts.) (1-2 pts.)
1. The budget plan is
feasible and practical.
2. The budget plan can be
easily understood.
3. The budget covers the
essential components of
family budget.
4. The important factors
affecting the management
of family resources are
mainly considered.
 Assessment:

Answer the following questions on a whole sheet of paper.

1. Why is it necessary to manage time, money, strength, skills, and

other resources?
2. How can budgeting help in saving and in proper management of
resources?
3. Why is it that food has the biggest allocation in a family’s
budget?

JOURNAL ACTIVITY
Learners will write in their journal or portfolio their realization or
feelings about the lesson using the following prompts:

V. Reflection I learned that _____________________________________

I realized that _____________________________________
I promise that ______________________________________

Prepared by:

Ma. Trecilla E. Malabanan

Teacher I
Checked by:

Rovinita Z. Lacsamana
Master Teacher I

Noted:
Vivian A. Ondo
Principal II