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School of Family Studies and Human Services

Family Finances

The level of financial knowledge and decision-making skill needed to make ends meet, plan ahead and manage financial products can be daunting. In general, individual consumers and families tend to be challenged when it comes to basic financial knowledge and skills need to make sound decisions for their individual situations.

When it comes to finances, knowledge-based action is a sign of financial capability. Earning, saving and investing, spending, borrowing and protecting against risk are five building blocks for making the most of the resources available.