New home economics

New home economics is a type of economics that studies the way families use their money and resources at home. It looks at how families make decisions about things like what to buy, how much to save, and how to deal with emergencies. It also looks at how these decisions affect the family's overall financial situation, like how much debt they have, what kind of budget they have, and how well they can afford the things they need. In short, new home economics looks at how families use their money and resources to make a home that works for them.