Family Economics And Consumer Education 3 (2+1)

Lesson 05 : Guidelines in Income Management

Co-ordinating short and long time Income use with needs

This is the fourth income management guide. It is the adjustment to the use of annual income in order to make the long time income stream effective. This step is the most difficult of all, because this step demands a belief that control of material resources for human satisfaction can take place and is worthwhile.
Here the cooperation of family members is involved in solving problem of income management. Many family financial ills arise from lack of strong motivation to plan for the use of income.