Household Expenses


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.

BREAKING DOWN 'Household Expenses'

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

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  4. Lifetime Cost

    A total of all other costs relating to a good over its expected ...
  5. Boomerang

    An American slang term that refers to an adult who has moved ...
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    A tax that governments impose on financial income generated by ...
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