Question

In: Finance

state and explain reasons why family resource management is an important course

state and explain reasons why family resource management is an important course

Solutions

Expert Solution

Family resource management is management of the various financial and non financial resources of the family in order to achieve the objective of the family as a whole.

Importance of family resource management are as follows-

A.it will help in achievement of the financial independence of various members of the family and family as a whole

B. It is always helping the proactive management of various resources of family and planning in advance.

C. It is also so helpful in management of the stress of various members of the family so that there would be less possible conflicts among the members of the family

D.the various group of individuals of the family will be following a certain set of ethical principle guideline which will be helpful in management of resources available on the individual basis

E.it is also helpful in betterment of the interpersonal relationship of various members of the family.


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