The importance of Family Financial Management in Today's Society

Length: 4 Pages 1000 Words

The Importance of Family Financial Management in Today’s Society Have you ever taken classes and thought in the back of your mind; will I ever use this information in the future? Why am I learning this, or how is this practical for my major? Most students at some point in their schooling have come across this problem wondering when or where they will ever see it again. I came to Ohio State thinking I was going to be a business major. I thought I had my mind set from the very beginning. I started out taking many business entry-level classes and found myself sitting their wondering will I ever use this in the future? It was very hard for me to learn math problems and economic situations when I knew in the back of my mind that I would never ever see it again. At that point in time I went to my advisor and told her my situation. She told me that she had the best major for me. She told me to major in Human Ecology. Human Ecology? What is Human Ecology? At that time she explained to me all about the major and today I am so thankful that she told me all about it. Human Ecology is the focus on addressing complex family issues in a changing world. The college offers six different academic majors, with three majors offer Continue...


Another class I took I learned about investments: whether to invest in stocks or mutual funds, when to buy and sell stocks and bonds, and when to apply for a loan. In the early years of human ecology at Ohio State, emphasis was on the study of biological and technological aspects of human life. After completing the class, I felt that I learned such practical, everyday life information that will really help me in the long run. I feel that I am much more knowledgable and have a better understanding of conflicts that can occur in the future. Today, I am going to explain to you the importance of Family Financial Management in today's society. ------------------------------------------------------------------------Bibliography. Financial management students may find employment as financial planners or counselors, credit or benefits counselors, and housing counselors or mortgage loan officers. In many cases, students are able to combine several of these fields into one challenging career. Therefore, once I graduate I will have an understanding for financial situations, which will affect many families. One week we had to pretend that the husband and wife granted a divorce. Through the study of individual and family development, family interactions and functioning, and the effective functioning of systems, which serve individuals and families, our programs prepare graduates for professions involving service to others in a variety of career areas. In conclusion, I feel that my major is so important in today's society. The six different majors include, Human Development and Family Science, Family Resource !Management, Hospitality Management, Human Nutrition and Food Management, Nutrition, and Textiles and Clothing. The College of Human Ecology at The Ohio State University offers one of the finest human ecology programs in the nation. With a family financial management degree I will be a expert in financial planning for retirement, economic consequences of divorce for women and children, family time use and stress, consumer decision making in the market, home technology use and consequences, expert systems for consumers, and economic costs of teen parenthood.