Personal Finance and Other Family Resource Management
Efforts in this area provide an understanding of how individuals and families obtain and utilize resources of time, money, and human capital to achieve higher standard of living and overall quality of life. This area is also concerned with factors affecting the decision-making process, such as availability of resources, life events, living patterns, values, goals, interests, and attitudes of families, and external forces such as public issues, policies, and programs
Traditionally referred to as personal finance, family resource management (FRM) covers not only personal finance, but also other household resources such as skills, education, time, household members, and household appliances. FRM may be seen as a combined fields of finance and management applied to the household or family organization, instead of a business setting.
When people ask me what do I do in the university, I'd say that I teach but not to the typical students. The extension (vs. teaching vs. research) effort focuses on applying knowledge and research into practical utilization among the public, including those who are not university students.
Why do we need FRM
NMSU Quick Links
Contact FRM Extension Specialist for inquiries or to set up FRM-related program. We provide trainings, clinics, and talks usually at no cost, share expertise, write grants, and connect you to an expert.
Department of Extension Family and Consumer Sciences
New Mexico State University
940 College Drive,
311F Gerald Thomas Hall
MSC 3AE, P.O. Box 30003, Las Cruce, NM 88003-8003