In studying child and family outcomes it is often critical to assess families' general availability of resources. Traditionally, many researchers have used income and SES to assess family resources. This study examined an alternative measure in a national sample of low-income families. Hypothesizing that Dunst and Leet's (1987) Family Resource Scale (FRS) assesses specific aspects of perceived family resources, exploratory and confirmatory factor analyses were conducted. Analyses supported a four-factor structure: Basic Needs, Money, Time for Self, and Time for Family. External validity was assessed by examining the relationship of subscale scores to other measures of family resources. Predictive validity was examined by evaluating the relationship with child cognitive and social outcomes. Subscales were found to fit the data consistently, to be moderately related to other measures of family resources, and to predict a meaningful amount of variance in child outcomes above and beyond family income, parent education, and parent work status.