WHAT IS HOME

MANAGEMENT
& WHAT IS FAMILY
ECONOMICS?
REPORTED BY: ANNABELLE D. JOROLAN
HOME MANAGEMENT

• Is the vital factor in every family contributing to

overall health, happiness and well being.
• An essential component of family living.
• Is the natural outcome of human relationship in the
home environment.
• One of the major responsibilities of the family
living.
FAMILY ECONOMICS

• Applies economic concepts such as production,

division of labor, distribution and decision making
to the study of the family.
• A family’s economic unit where production and
consumption are utilized.
• It is a family’s based production where economic
activity took place within household and
production and distribution by custom and
tradition.
WHAT IS HAPPENING NOW IN
EDUCATION?
HOME MANAGEMENT AND FINANCIAL
ECONOMICS IN EDUCATION
Educating home management and financial economics is
very important nowadays. It must start with the family to
educate their children and train them accordingly. Somehow
our children are our future where the learnings can be practiced
up to the next generation. It is a vital role as for the teachers to
educate students in this topic. Academically knowledgeable
and skillfully enough to survive life’s circumstances especially
when having someday what we called “Family”.
IS HOME MANAGEMENT &
FAMILY ECONOMICS ARE
RELEVANT NOWADAYS?
Yes , especially that we are experiencing pandemic
today.
Yes, because most families are under in the state of
financially-unstable.
Yes, for there are some families who don’t have
control in production and consumption.
REFLECTION FROM THE
TOPIC
 Home management consists of aspects in order to
achieve such an ideal foundation of a family. However, not
all of us know how to manage our ways especially at
home. This is why managing at home is very important
with the collaboration of financial economics. It is like
assuming your family is a one big company where you
have to plan, analyze, balance, manage and apply strategies
in order to have a good and resourceful foundation as a
team.
 There are lots of ways and years to master that, however
it is not too late to start or change patterns from the old one.
Changing ways from shelter, security and insurance, food
and health, expenses and billings, education and more.
Home management plays a vital role in our daily lives, from
activity and expenses up to the rest. It is an essential
component where we should practice and start it from
ourselves.
 THE END
THANK YOU AND GOD BLESS