This subfield studies the management of family resources, including time, money, and energy.
Budgeting: The process of creating a plan to allocate income towards expenses and savings.
Financial Planning: The process of setting and achieving financial goals through strategic planning and management.
Debt Management: The process of managing and paying off debts to become debt-free.
Savings and Investments: The process of creating and managing savings and investment portfolios to grow wealth.
Risk Management and Insurance: The process of assessing and mitigating risks, and protecting against potential losses through various forms of insurance.
Retirement Planning: The process of setting and achieving financial goals for retirement, including creating a retirement income plan and planning for long-term care.
Estate Planning: The process of planning for the transfer of assets after death, including creating a will, trusts, and other legal documents.
Time Management: The process of organizing and prioritizing tasks and activities to maximize productivity and efficiency.
Home Management: The process of managing household tasks and responsibilities, including cleaning, cooking, and maintaining a safe and healthy living environment.
Childcare and Parenting: The process of providing care and support for children, including child development, discipline, and fostering healthy relationships.
Family Economics: It is the branch of Family Resource Management that examines how families allocate resources to their daily life activities including money, time, and space.
Consumer Sciences: It focuses on how families make buying decisions, how they are influenced by marketing, and how retailers impact daily living through price, promotion, and product.
Parenting: It explores the diverse range of parenting styles, how parents can impact their children's development, and the ways to foster healthy parent-child relationships.
Family Health: It highlights the role of family dynamics in maintaining good health and preventing diseases. It includes studying nutrition, exercise, mental health, and more.
Family Law: It deals with legal issues related to the family, such as divorce, child custody, domestic violence, and child support.
Family Therapy: It focuses on improving communication and resolving conflicts within family relationships, including marital and parent-child relationships.
Family Resource Management Research: It is a subfield that involves the development of theories, models, and frameworks to understand how families make choices and effectively allocate their resources.
Family Policy: It involves analyzing and developing policies that impact families, such as health care, education, and social welfare policies.
Family and Culture: It explores the intersection of family and culture, examining different cultural attitudes towards family roles, relationships, and values.
Family and Society: It examines how the family is impacted by broader social, political, and economic forces and how families are in turn an essential part of society.