THE CONTRIBUTION OF ACCOUNTING TO PERSONAL AND FAMILY FINANCE MANAGEMENT

Abstract

This article analyzed how accounting principles can assist in financial planning, expense control, and decision-making to achieve economic stability. The study highlights the essential role that personal and family financial management plays in individuals' economic organization. In this context, accounting emerges as a strategic tool, providing organized and structured information that aids in making more conscious and effective decisions. This study seeks to answer the following question: "How can accounting contribute to personal and family financial management?" The overall objective is defined as: to analyze the importance of accounting as an essential tool for efficient management of personal and family finances, with specific objectives including investigating accounting strategies for financial control, applying accounting principles in daily life, and building financial reserves for emergencies. The methodology adopted is qualitative, exploratory, and explanatory, based on bibliographic research selected from recognized databases, such as Google Scholar and specialized journals in the accounting field, allowing for an in-depth analysis of the relationship between accounting and personal and family financial management. Data analysis was conducted using interpretative analysis. The research showed that accounting is an essential tool for family financial control, promoting more conscious decisions and economic stability. Knowledge of segregating accounts and using cash flow helps in management, avoiding waste and debt. It is expected that the study will expand the discussion on financial education and reinforce the importance of accounting in managing personal and family finances, encouraging responsible habits and promoting greater economic stability.