Elements of family income are as follows:
1. Money Income: is the inflow of money in the form of cash, gifts, vouchers etc. available to the family.
2. Real Income: is the inflow of goods & survives available to a family with or without the use of money. example- car, community park, services of dinner etc.
3. Psychic Income: it is the satisfaction which is derived after utilizing money income and Real Income by the family.
Ways to increase family income:
1. Part time jobs
2. Growing vegetables in kitchen garden
3. Taking tuitions
4. Investments in small saving schemes
5. Using community facilities
