Management Of Family Resources

Lesson 35 : Family Income Management

Introduction

Among all resources available to the family money is an important resource which has the power to exchange for other resources. It is the income received by the family. The concept of income is generally understood as the money received by the family in the form of remuneration for the services of the family members. Money income is the most commonly used term because of the ease with which incomes of the families can be compared and their economy can be assessed.