Household expenses refer to the regular costs that families incur to maintain their homes and daily lives. These expenses typically include items such as rent or mortgage payments, utilities like electricity and water, and groceries for food. Other common costs may involve home maintenance, insurance, and property taxes. Managing household expenses is essential for budgeting and financial planning. Families often track these costs to ensure they live within their means and save for future needs. By understanding their spending habits, households can make informed decisions about where to cut back or invest in improvements.