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DOCUMENT RESUME ED 361 549 CE 064 537 TITLE Low Income Family Resource Management. 1991-1992. INSTITUTION Mid-State Technical Coll., Wisconsin Rapids, WI. SPONS AGENCY Wisconsin State Board of Vocational, Technical, and Adult Education, Madison. PUB DATE 92 NOTE 59p. PUB TYPE Guides Classroom Use Instructional Materials (For Learner) (051) EDRS PRICE MF01/PC03 Plus Postage. DESCRIPTORS Adult Education; *Budgeting; Consumer Education; *Credit (Finance); Decision Making; Economically Disadvantaged; *EnergY Conservation; Family Financial Resources; Goal Orientation; *Home Management; Instructional Materials; Legal Problems; Loan l:Wpayment; *Low Income Groups; *Money Management; Water Resources ABSTRACT Materials intended for use by adult members of low income families are provided for various topics related to low income family resource management. Types of materials included are check lists, questionnaires, planning charts, budgeting forms, informational handouts, and sample forms. These topics are covered: (1) goals, money values, budget basics; (2) household and food management techniques; (3) energy and water conservation; (4) payment plans, interest, savings; and (5) legal issues. (YLB) *********************************************************************** Reproductions supplied by EDRS are the best that can be made from the original document. *********************************************************************** c1,2 CPbS )\ LOW INCOME FAMILY RESOURCE MANAGEMENT 1991-1992 ACTIVITY NUMBER: 14-242-150-522 U.S. DEPARTMENT OF EDUCATION Office o Educanonal Research are Improvement "PERMISSION TO REPRODUCE THIS EDUCATIONAL RESOURCES INFORMATION MATERIAL HAS BEEN GRANTED BY CENTER (ERIC) that document nos ben reproeucee as tl ecnre0 Iron, the person or organaabon .ongonattng tt. 0 Wrier Cnanpas nave ben mats* to mrprove reCo(Oductton oushly Pants of Wee/ 0( oprnons stated m thi$ 00C, merit Oo not netenanly repreSOnt officuo TO THE EDUCATIONAL RESOURCES oosthon or wary OERI INFORMATION CENTER (ERIC)." r(*) MID-STATE TECHNICAL COLLEGE (r) Adams Marshfield Stevens Point Wisconsin Rapids 2 BEST COPY AVAILABLE to you?" "What's important Budget Basics Goals, Money Values, 3 WHATS YOUR PRUBLam! to spendin All families have some problems when it comes which of the Aside from not having enough money, money. often do you have this following problems do you have and how Draw a circle around your answer. problem? there is money to Do not have enough food to last until 1. buy more. Never Seldom Sometimes Often Get behind on the rent or house payment. 2. Never Seldom Sometimes Often Not able to buy special things my kids want. 3. Never Seldom Sometimes Ofteu Do not have enough money for dentist, doctor, or 4. Medicine. Never Seldom Sometimes Often off. Danger of having gas or electricity turned 5. Never Seldom Sometimes Often Not able to meet large bills. 6. Never Seldom Sometimes Often Cannot afford to keep household equipment and 7. applicances in running order. Never Seldom Sometimes Often Cannot afford to buy new shoes or clothes. 8. Never Seldom Sometimes Often back on for Not able to save to have something to fall S. emergencies. Never Seldom Sometimes Often hold of Someone else spends the money before I can get 10. it. Never Seldom Sometimes Often before The money is lost, stolen, or taken from my purse 11. can a9enc it. Often Sometimes Seldom Never 12. Furniture, applicances or other things' have been repossessed. Often Sometimes Seldom Never 13. Afraid to answer the phone or door because it might be a bill collector. Sometimes Seldom Never Oft.tn 14. Have trouble keeping track of the way money is spent. Often Sometimes SeldOm Never Not satisfied with the way family money is spent. 15. Often Sometimes Seldom Never How many peraons usually help plan spending in your 16. family? One person Two persons Three persons Four or more How do you usually pay.bills-with cash or by °heck? 17. 4 . YOUR FAMILY IS SPECIAL No other family is quite like yours. Every family spends their money differently. Let's get acquainted with your family. Keep the whole family in mind as you plan and as you spend your money. 1. How many people are the.-e in your family? Do they all live with you? 2. How many live in your house? Eat daily meals with you? Visit sometimes? Get occasional financial support from you? 3. How many live in your household: Boys Girls Men Women What are their ages? 4. Infant Toddlers School age Young adult Middle age Senior citizen HEALTH IS IMPORTANT What special health needs does your family have? Check them. Medicines Doctors Dentists Diets Special health aids Eye glpsses Hearing aids Respirator Wheel chair Walker Other, please specify ACTIVITIES, INTERESTS, ABILITIES Your family members do many things that are important to them. List as many things as you can that your family members like.to do. Also list things they do particularly well, their special abilities or talents. PETS Pets may be an important part of your family. Do you have any pets? What Kind? How many? GOAL SETTING goals setting is that your goals The most important aspect of Goals that are set too high be realistic and attaxnable. result in discouragement and become impossible to meet and failure to set future goals. SHORT TERM (less than one year) less than five) INTERMEDIATE GOALS (more than one year, years) LONG TERM GOALS (more than five 6 . R , E T B S L U M I R 8 G E P U C A A E b . s n o i s a c c o R l E a B H i c Y M C e p L R E s U V A r S J e E O M h R t N U o T d I n D _ a N s E e P i X r E a s D r e E v N i R Y N n E n A R a L B E A P , O N U s y T U R a C d B J i O l E o F h g n i m o c p u r o f R E s Y 7 e B s R n Y M e A p A E x U e M T N d P r A E o c J S e R Let's look at the fifteen traits of a healthy family Healthy families communicate and listen. 1. Healthy families affirm and support. 2. another. 3. Healthy families respect one develop trust. 4. Healthy families of play and humor. 5. Healthy families have a sense 6. Healthy families share responsibilities. right from wrong. 7. Healthy families teach 8. Healthy families build a strong sense of family. of interaction. g. Healthy families have a balance shared religious core. ro. Healthy families have a Healthy families respect privacy. 1. Healthy families value service to others. 12. table time and conversation. 13. Healthy families foster 14. Healthy families share leisure time. 15. Healthy families admit to problems and seek help.3° Note how many of these traits have to do with relationships. When a family develops even half of these traits well, they don't need many disciplinary techniques. When they can communicate and listen to each other, they are already offsetting situations which require discipline. When they affirm and support one another, respect and trust one another, and have fun together, they are building a family that doesn't have to focus on discipline as a- way of existing without stress. If I could advise young parents on one issue, it would be to focus on relationships rather than discipline. It saddens me to see them so centered on the right discipline rather than the right relationships. They want to know, not how to under- stand and build relationships that prevent sibling rivalry and fighting, but how to deal with those problems in a disciplinary way. Delores Curran "Stress and the Healthy Family" ;BUDGETING RULES yourself. Set realistic financial goals for 1) needs. Distinguish between wants and 2) adjust to develop a realistic spending Record monthly expenses: 3) plan. month for 10 years at 10% Establish a savings plan. $100 a 4) contributed $12,000, and $8,000 is interest is $20,000. You interest. , 20% of net income (excluding Limit monthly debt payments to 5) mortgage). reserve Build savings to include an emergency 6) of at least 3 months income. 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