American Association of Family and Consumer Sciences (AAFCS) Practice Test

Non-financial resources can play a significant role in helping a family reduce costs, especially during financial difficulties. These resources often include support systems, such as community services, family and friends who can provide assistance, or access to food banks and other charitable organizations. Additionally, non-financial resources encompass skills and knowledge that can aid in cost-saving practices, such as cooking meals at home instead of dining out, utilizing public transportation, or using available community services to lower living expenses.

While capital and capital goods are important for creating income, they don't directly address cost reduction in a household setting. Information resources can provide valuable knowledge but may not have an immediate impact on reducing financial burdens. Labour resources, such as the availability of workers, may not directly assist a family struggling financially without the support or leveraging of skills to manage costs effectively. Therefore, leveraging non-financial resources is often the most accessible and immediate way to alleviate the financial pressures a family might be facing.