Household Expenses

AAA

DEFINITION of 'Household Expenses'

A per person breakdown of general living expenses. It includes the amount paid for lodging, food consumed within the home, utilities paid and other expenses. The sum of all the expenses is then divided by the number of family members residing in the house in order to find each member's part of the total expense.

INVESTOPEDIA EXPLAINS 'Household Expenses'

If you have "head of household" status, you can enjoy a larger standard deduction and lower tax rates.

RELATED TERMS
  1. Head Of Household

    A status held by the person in a household who is running the ...
  2. Income Tax

    A tax that governments impose on financial income generated by ...
  3. Member Of Household

    A person who is claimed as a dependent when filing year-end tax ...
  4. Moving Expenses

    Potentially tax-deductible expenses that are incurred when an ...
  5. Tax Liability

    The total amount of tax that an entity is legally obligated to ...
  6. Dependent

    An individual whom a taxpayer can claim for credits and/or exemptions. ...
Related Articles
  1. Don't Forget The Kids: Save For Their ...
    Savings

    Don't Forget The Kids: Save For Their ...

  2. 3 Retirement Plan Moves To Make Before ...
    Taxes

    3 Retirement Plan Moves To Make Before ...

  3. Measuring The Benefits Of Home Ownership
    Home & Auto

    Measuring The Benefits Of Home Ownership

  4. Why Some Kids Never Leave The Nest
    Budgeting

    Why Some Kids Never Leave The Nest

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center