Describe how families manage resources.

Description should include

• creating and managing a spending plan
• setting and achieving savings goals
• sharing and managing family resources (e.g., financial, human, time, transportation, paid time off)
• sharing household tasks
• seeking to improve employment situation
• working collaboratively to manage resources for the well-being of the family.

Process/Skill Questions:

Thinking

• What is a budget? What is a goal?
• How can an employment situation be improved?
• What are some sacrifices that parents make for their families?
• Why is it important for each family member to contribute resources to the family?

Communication

• Why must families communicate in order to stay within a budget?
• What is the importance of creating family goals?
• How can families share equally in household tasks?

Leadership

• What resources are available for those seeking employment?
• How is the willingness to sacrifice a key quality of a leader?
• What skills are demonstrated by setting and achieving savings goals?

Management

• What is the difference between creating and maintaining a budget?
• What are some consumer goods in which a family shares?
• What are the benefits of establishing and maintaining a household budget?