Family Financial Theory and Practice

Author: Chai Xiaowu
Publisher:
Publish Date: 2003-04-01
Features: This book theoretically provides an in-depth analysis of the essential characteristics and content structure of household finance, as well as the connections and distinctions between household finance and general finance. It explores the internal mechanisms and external effects of the formation of household financial assets in a relatively thorough manner. It offers a profound insight into household saving, debt, wealth accumulation, and consumption behavior. Additionally, it provides a comprehensive explanation of the fundamental meanings of household income, expenditure, and consumption, as well as the relationships among them. The book also conducts a systematic analysis of the advantages of household resource ownership, the rational allocation of resources, the mechanisms and means of resource allocation, and the influences of external social and internal family factors.
At the end of the book, it offers a comprehensive discussion on the relationship between banks and customers, personal financial services, how banks can provide financial services to households, and how households can recognize and understand the financial services provided by the financial sector. A distinctive feature of this book is the author's effort to delve into the household itself, exploring the special environment in which household financial phenomena exist—the family, as well as family relationships, family ethics, family education, and the multifunctional activities of family culture. This approach highlights the uniqueness of household finance. To a large extent, it also relies on the rapid accumulation and allocation of household financial assets. Households are increasingly viewing finance as their own accountant and financial manager, relying on financial services to help them accumulate, generate, and utilize wealth, thereby leading a happier life.