Shared expenses refer to costs that are divided among multiple individuals or parties. This often occurs in situations like roommates sharing rent, where each person pays a portion of the total amount. Other examples include utilities, groceries, and travel costs, where expenses are split to make them more manageable for everyone involved. When sharing expenses, it is important to keep track of who pays what to ensure fairness. Many people use apps or spreadsheets to record these costs, making it easier to settle up at the end of the month or trip. Clear communication helps prevent misunderstandings and ensures that everyone contributes their fair share.