Explain the types and sources of family income and the methods of augmenting it.

1. 1 · Open in two lines. Family income is the total of money, goods, services and satisfaction available to a family over a period.
2. 2 · Money income. Money received in a period: salary, wages, rent, interest, pension.
3. 3 · Real income.
   • Direct: obtained without money: kitchen garden, the homemaker's services, public facilities.
   • Indirect: obtained by spending money: groceries, fees, fares.
4. 4 · Psychic income. The satisfaction from using money and real income; personal and hard to measure.
5. 5 · Sources. Salary, business or profession, agriculture, rent, interest, pension, part-time work, gifts.
6. 6 · Augmenting income.
   • Money income: part-time or home-based work, investing savings, renting out space.
   • Real income: home production, repairs, wise buying, community facilities.
   • Psychic income: contentment and shared family activities.
7. 7 · Nutrition link. A kitchen garden and home-made foods raise real income; a tiffin service raises money income.
8. 8 · Close in one line. A family can live better not only by earning more, but by stretching real income through skill and planning.

Scoring tip: Keep the three types in a small table with one example each, then give at least three ways to raise each type.