The Right Family Financial Management Strategy to Achieve Economic Prosperity

Abstract

The problem that most families often experience is financial problems, financial management is important in maintaining the economic stability of a family, with the right financial management strategy, prosperity will be created in achieving financial goals. Behaving economically wisely and intelligently is indicated by the ability to combine the resources one has to achieve prosperity in married life. To meet limited household needs requires economic management by making financial plans to discipline self- control and prepare for future financial conditions. Home economics studies emphasize practical knowledge that provides solutions to real problems faced in everyday life. So, effective and efficient economic management will make the family prosperous in fulfilling the needs of all family members optimally, ensuring stability in the family's economic life and family economic growth. A prosperous household will have a positive impact on its members which will later influence the welfare of the wider community.