ABSTRACT

Financial management within the family is a hard nut to crack for many of the home-runners. Though the income is high, several families find they run out of financial resources and helpless at emergency situations. Proper financial management within the family and maintaining the financial health is essential to be well supplied with economical resources when in need. It is because of the failure in managing the financial resources many families get bound to bank loans, and often bankruptcy. Improper management of wealth sources will raise possible risks in life and will create unwanted situations in life. Managing money is not a tough concept, if approached well and remained adhered to the budget and decisions constantly. Many people never consider or foresee the possible future expenses and drain out all the savings and resources for present day life. If reserved a bit of extra consciousness on the money matters, maintaining a healthy financial family is a possible task.

Keyword:  Budget, Family, Financial Health, Financial management, and Knowledge.