Household expenses refer to the regular costs associated with running a home. These expenses typically include rent or mortgage payments, utilities like electricity and water, and groceries for food. Other common costs are insurance premiums, property taxes, and maintenance fees for home repairs. Managing household expenses is essential for maintaining a budget and ensuring financial stability. Families often track these costs to identify areas where they can save money. By understanding their spending habits, households can make informed decisions about their finances and prioritize necessary expenses over discretionary spending.