Elementary

Grade 6

TLE – Home Economics

EPP - TLE LEARNING ZIP

Week 9

Week 2- Lesson 1

Prepare Feasible and Practical Budget

Grade 6-Technology
Grade 6-Technologyand Livelihood
and Education-Home
Livelihood Education-Home Economics
Economics 0
Competency:
Competency:Prepares feasible
1.2 Prepares and practical
feasible budgetbudget
and practical
TLE6HE-0b-4
TLE6HE-0b-4
 EPP/TLE – Home Economics - Grade 6
EPP-TLE Learning Zip
Prepare Feasible and Practical Budget
First Edition, 2020

Published in the Philippines

By the Department of Education
Schools Division of Iloilo
Luna Street, La Paz, Iloilo City

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This EPP/TLE Learning Zip is published to be utilized by the Schools Division of

Iloilo.

ALL RIGHTS RESERVED. No part of this learning resource may be reproduced or

transmitted in any form or by any means electronic or mechanical without written
permission from the Schools Division of Iloilo.

Development Team of the EPP/TLE Learning Zip

Authors/Writers: Emeliza P. Buncag, Cecilia C. Jena

Teresita P. Dacallo, Lulou C. Caballero
Girlie J. del Castillo

Illustrators: Ronie Continente, Rho C. Sablon

Layout Artists: Lilibeth E. Larupay, Armand Glenn S. Lapor

Cherry P. Aritalla, Emeliza P. Buncag

Division Quality Assurance Team:

Lilibeth E. Larupay, Abraham P. Imas
Remia D. Manejero, Armand S. Lapor

Management Team: Dr. Roel F. Bermejo, Dr. Nordy D. Siason, Jr.

Dr. Lilibeth T. Estoque, Dr. Azucena T. Falales
Ruben S. Libutaque, Lilibeth E. Larupay
Abraham P. Imas, Remia D. Manejero

Grade 6-Technology and Livelihood Education-Home Economics 1

Competency: 1.2 Prepares feasible and practical budget
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 Introductory Message

Welcome to Grade 6 Technology and Livelihood Education-Home Economics.

The EPP-TLE Learning Zip is a product of the collaborative efforts of the Division
of Iloilo EPP/TLE writers, illustrators, layout artists, reviewers, editors, and Quality
Assurance Team from the Department of Education, Schools Division of Iloilo. This is
developed to guide you dear learning facilitators in helping our learners meet the standards
set by the K to 12 Curriculum.

The EPP-TLE Learning Zip aims to guide our learners in accomplishing activities
at their own pace and time. This also aims to assist learners in developing and achieving
the lifelong learning skills while considering their needs and situations.

For learning facilitator:

The EPP-TLE Learning Zip is developed to address the current needs of the learner
to continue learning in the comforts of their homes or learning centers. As the learning
facilitator, make sure that you give them clear instructions on how to study and accomplish
the given activities in the material. Learner’s progress must be monitored.

For the learner:

The EPP-TLE Learning Zip is developed to help you, dear learner, in your needs
to continue learning even if you are not in school. This learning material aims to primarily
provide you with meaningful and engaging activities for independent learning. Being an
active learner, carefully read and understand to follow the instructions given.

Please use separate sheet of paper when answering the activities.

Grade 6-Technology and Livelihood Education-Home Economics 2

Competency: 1.2 Prepares feasible and practical budget
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 PREPARING FEASIBLE AND PRACTICAL BUDGET

RECALL WHAT YOU KNOW

In your notebook, draw a two - column table. Mark the first column “My Needs”
and the second column “My Wants”. Then list down the items you spend on in the
proper column.
Do you spend a lot on necessities, or do you spend more on things you want
but not really needed?

DISCOVER AND LEARN

From the previous lesson, you have learned how to allocate budget by
knowing the steps and its components. This time you will be able to learn how to
prepare a budget in the most practical way.
The actual task of preparing a budget is easy. Members of the family must
compromise if they want the family budget to work. Flexible spending is often the
place you start when preparing a simple family budget.
These are the things that we should consider in preparing a feasible and
practical budget:
A. Managing Family Resources Efficiently

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

• Adjust your budget, as necessary. Keep within the amount allocated for
budget items.
• Choose a simple lifestyle that you can sustain with your earnings.
• Buy only things that are needed.
• Schedule your expenses.
• Follow a shopping and marketing schedule.
• Avoid making unscheduled, unplanned purchases especially at a store you
are not familiar with.
• Teach the children to spend their allowance wisely.
• Conserve energy and other utilities.
• Recycle or reuse materials.
• Repair appliances and furniture as needed.

Grade 6-Technology and Livelihood Education-Home Economics 3

Competency: 1.2 Prepares feasible and practical budget
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 • Take good care of your belongings.
• Buy products that are of good quality and reasonable price.
• Develop the habit of walking short distances.

B. Prioritizing Needs Over Wants

Our needs and wants motivate us to work hard. They encourage and inspire
us to get involved in productive endeavours that will help our families live better.
It is important for family members to clearly distinguish their needs from their wants.
In family budgeting, we must prioritize our needs and not wants.

The key to good money management is separating needs from wants. If you
are not sure if an item is a need or a want, do without it for a period of time. If after
that time you truly cannot live without it, it may be a need. However, even the
essentials like shelter or transportation involve a want vs. need calculation. For
instance, you may have evaluated all possible transportation methods for you to
get to work and determined that you need to purchase a car. Fine, but which car
you buy is another choice you make.
Do you buy the more expensive SUV that you want, or will a less expensive,
more economical vehicle meet your need? Almost everything you buy involves a
want vs. need determination and ultimately, how you make these choices will
determine if you reach your goals or not.

Tips in Wise Spending of Your Income

✓Make a list 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.
✓Be sure to stick to your shopping or grocery list.

Grade 6-Technology and Livelihood Education-Home Economics 42

Competency: 1.2 Prepares feasible and practical budget
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 ENRICH
ENRICH YOUR
YOUR LEARNING
LEARNING

Directions: Read and understand the questions below. Write your answer on a
separate sheet of paper.

1. How can we manage family resources efficiently?

____________________________________________________________

2. What is the difference between the needs and wants?

____________________________________________________________

3. Why do we have to prioritize your needs over wants?

____________________________________________________________

Activity 1
Directions: How can you help in the effective implementation of your family budget? Put
a check on the blank before each number. Write your answer on a separate
sheet of paper.

_____ 1. I save a part of my daily allowance for future use.

_____ 2. I buy only the things which is needed and within the allotted budget.
_____ 3. I stick to my market list when buying.
_____ 4. I recycle my used notebooks, pens, etc. so that I can use it again.
_____ 5. I mend tears on my clothes right away to avoid buying a new one.
_____ 6. I avoid buying unnecessary things, like toys, if they’re out of the budget.
_____ 7. I buy unlabelled canned goods with dents and scratches to save money.
_____ 8. I always wash my hands before and after eating to avoid sickness and
buying expensive medicine.
_____9. I switch off the lights, TV, and electric fan if it is not being used.
_____10. I find some income-generating activity like selling bottles of ketchup, soy
sauce, old newspaper, etc.,in junk shop.

Grade 6-Technology and Livelihood Education-Home Economics 5

Competency: 1.2 Prepares feasible and practical budget
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 Activity 2
Directions: Read the questions carefully. Write the letter of the correct answer on a
separate sheet of paper.

1. Which is the practical way of budgeting?

A. least priority for savings
B. spends more than the family income
C. buys unscheduled expenses
D. buy products that are of good quality and reasonable price

2. What do you call the goods or services that are not necessary, but we
desire or wish for?
A. needs
B. wants
C. budget
D. expenses

3. Which of the following is one of the basic needs of the family?

A. food
B. imported shoes
C. camera
D. branded cellphone

4. What are the things that a person should have to live a quality life?
A. wants
B. needs
C. house
D. wealth

5. Why do we need to make a practical budget for the family?

A. to let other people buy things for you
B. to be able to save some portion intended for your wants
C. to be able to buy expensive things that are not necessary.
D. to avoid things that not so necessary and make use of some portion
to savings or for emergency purposes

REMEMBER

Budgeting is the process of creating a plan to spend your money. Creating this
spending plan allows you to determine in advance whether you will have enough
money to do the things you need to do or would like to do.

If you don't have enough money to do everything you would like to do, then you
can use this planning process to prioritize your spending and focus your money on
the things that are most important to you.

Grade 6-Technology and Livelihood Education-Home Economics 6

Competency: 1.2 Prepares feasible and practical budget
TLE6HE-0b-4
 CHECK YOUR UNDERSTANDING

Directions: Copy the table as shown below. Create a feasible and practical budget of
your weekly allowance. List down your needs and allocate a percentage and
the amount for each item. Make this on a separate sheet of paper

Weekly Allowance: Php__________

Expenses % of Budget Allotted Amount

Total

Rubrics in Making Feasible and Practical Budget Plan

10 pts 8 pts 6pts 4pts

Demonstrate an Demonstrate a Demonstrate some Demonstrate a limited
understanding of the considerable understanding of the understanding of the
budget process and understanding of budget process and budget process and
was able to provide budget process and however missed some areas of
a budget that left was able to provide a overspending the budget that needs
extra money at the budget enough for the occurred and some to be completed
end estimated amount reduced spending is
needed

REFERENCES

Basbas (2017). Learning and Living in the 21 st Century. Rex Printing

Company.Inc. QC page 195
Florida C. Bautista, et al, Technology and Livelihood Education 6 pages 174-178
Gloria Peralta Life Skills through TLE textbooks pages 106
K to 12 Most Essential Learning Competencies, 2020

Grade 6-Technology and Livelihood Education-Home Economics 7

Competency: 1.2 Prepares feasible and practical budget
TLE6HE-0b-4
 TLE6HE-0b-4
Competency: 1.2 Prepares feasible and practical budget
8 Grade 6-Technology and Livelihood Education-Home Economics
ENRICH YOUR LEARNING
Q1-Q3 Answers may vary
Activity 1
1. /
2. /
3. /
4. /
5. /
6. /
7. X
8. /
9. /
10. /
Activity 2
1. D
2. B
3. A
4. B
5. D
CHECK YOUR UNDERSTANDING
Answers may vary
Key to Correction