Family Economics

Course Description

Managing Financial Resources for Family Stability and Well-being

This course aims to enhance financial awareness among family members and equip them with the necessary skills to manage financial resources effectively. It will cover concepts such as financial planning, budgeting, debt management, and smart investing, with a focus on the challenges families face in today’s economic environment. The course will be delivered through interactive activities and practical exercises to provide real-life applicable examples.

Course Objectives:

1. Enable participants to create a realistic and balanced family budget.
2. Enhance awareness of the importance of short- and long-term financial planning.
3. Develop skills in income and expense management while minimizing wasteful spending.
4. Educate participants on saving mechanisms and safe investment strategies.
5. Provide tools for managing financial crises and handling debt effectively.
6. Strengthen family communication regarding financial decisions to ensure transparency and cooperation.

Main Topics:

1. Introduction to Family Economics:

• The concept of family economics and its role in achieving stability.
• Analyzing the current financial situation (income, expenses, obligations).

2. Financial Planning and Budgeting:

• Steps to create a monthly/annual budget.
• Setting priorities (needs vs. wants).

3. Debt and Financial Obligations Management:

• Types of debt (good vs. bad debt).
• Debt repayment strategies (e.g., the snowball method).

4. Saving and Investing:

• Saving tools (such as bank accounts and investment funds).
• Principles of safe investing and risk avoidance.

5. Overcoming Financial Challenges:

• Crisis management (such as job loss or emergency situations).
• The importance of insurance in protecting the family.

6. Financial Education for Children:

• Instilling healthy financial habits in children.
• Age-appropriate financial education tools for teenagers and young children.

Target Audience:

• Newlyweds or engaged couples.
• Homemakers and family heads seeking to improve household financial management.
• Young individuals aiming to build early financial awareness.
• Families facing financial challenges (such as debt or job instability).
• Anyone interested in financial literacy across different age groups.

Course Features:

• Interactive: Includes workshops, case studies, and group discussions.
• Flexible: Delivered through both theoretical and practical sessions (online or in-person).
• Supportive: Provides ready-to-use templates (such as budget sheets and investment plans).