Shared expenses refer to costs that are divided among multiple individuals or parties. This arrangement is common in situations like roommate living, where bills for rent, utilities, and groceries are split to ensure everyone contributes fairly. It helps manage financial responsibilities and can lead to savings for each person involved. In a broader context, shared expenses can also apply to couples or families who pool their resources for common goals, such as vacations or home improvements. By sharing costs, individuals can enjoy experiences or necessities that might be too expensive to handle alone.