Household Economics

Household economics is the study of how families manage their resources, such as time, money, and goods, to achieve their goals and improve their well-being. It examines decisions related to budgeting, spending, saving, and investments, as well as factors like work-life balance, education, and health. By understanding household economics, individuals and families can make informed choices that enhance their quality of life and financial stability, taking into account both immediate needs and long-term plans.