Family finance refers to the management of financial resources and budgeting within a family unit. This includes planning for income, expenses, savings, and investments, as well as addressing financial goals such as retirement, education for children, major purchases, and emergencies. Family finance encompasses various aspects such as understanding income sources, creating budgets, managing debts, and making informed financial decisions to ensure the family’s financial health and stability. It also involves effective communication among family members regarding financial matters, fostering financial literacy, and making collaborative decisions to optimize resources and achieve shared financial objectives.
The "High Medical Expenses System" in Japan is adjusting caps on out-of-pocket medical costs to alleviate financial pressure for families. A recent survey of 2,700 people revealed that high medical…