How to Calculate Household Expenses

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How to Calculate Household Expenses
Learn how to calculate household expenses. (money, money, money image by easaab from

Household expenses are funds spent to operate and maintain a home on a per person basis. For example, if there are four people in the home, any money spent by these four individuals, in terms of rents, consumables, insurance and utilities, is a household expense. There are both fixed and variable household expenses you can calculate.

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  1. 1

    Make a list of all fixed monthly expenses. Any expense that is not variable or changing from month to month should be included in this category. For example, the mortgage or rent payment is a fixed monthly expense. Car payments, insurance payments, debt or loan payments, and tuition payments are also examples of fixed monthly expenses.

  2. 2

    Create a list of required variable monthly expenses with estimates. For example, the utility bill may rise and fall each month depending on the time of year. The grocery expenses may also rise and fall. Estimate these expenses by examining receipts for the past few months to determine the cash outlay in this category and use an average to calculate variable monthly household expenses.

  3. 3

    Add up discretionary expenses, i.e., expenses for non-essential items. Dining out and going to the movies are two examples of discretionary expenses. Keep all monthly receipts for non-essential expenses and add them all up at the end of the month. You can also use your bank and credit card statements to determine discretionary spending if you don't want to carry around and add up all those receipts.

  4. 4

    Add the total amount of money spent on these different categories to determine total household expenses. Use this data each month to make a budget or compare it to a budget you already have to see if you are keeping your expenses within the budgeted amount. If you are trying to split household expenses among roommates or different individuals, divide this total by the number of people in the home to determine each person's share of household expenses.

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