Household Economics is the study of how families manage their resources, including money, time, and goods. It focuses on decision-making processes within the home, such as budgeting, saving, and spending. This field examines how households allocate their resources to meet needs and improve their quality of life. Additionally, Household Economics looks at the impact of external factors, like government policies and market trends, on family finances. It also considers the roles of different family members in economic decisions and how cultural values influence these choices. Understanding these dynamics can help families make informed financial decisions.