income management....

-is the process of planning, organizing, controlling and evaluating the use of resources to satisfy the family needs and desires.
FAMILY INCOME-is the steam of money, goods, services and satisfaction received by the family.

FORMS OF FAMILY INCOME

1.family income-comes in the form of salary, wage, and other sources.
salary-is the amount of money received monthly by professionals.
wage-is the amount of money received daily for vendering service by unskilled, semi-skilled and skilled workers.

OTHER SOURCE OF MONEY INCOME

1.divided 6.sale of goods
2.gifts 7.sale of properties
3.inheritance 8.pension
4.rentals 9.prizes
5.interest from bank deposits

2.real income-comes in the form of goods and services
3.physic income-comes inform or satisfaction.