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Family Expenses

The monthly recurring expenses such as

House Rent

Utility Bills

School Fees

and even medical expenses and vehicle maintenance

Expenses which cannot be avoided

Domestic Expenses

Expenses attributing to a domestic function or party such as

a Farewell party, party hosted for a newly wedded couple.

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17y ago

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What is the difference between family budgets and personal budgets?

the personal is for your self and family is a group


This is the monthly budget for the Reed family. What percent of the expenses is spent on utilities?

To determine the percentage of the Reed family's expenses spent on utilities, you need to divide the total amount spent on utilities by the total monthly expenses and then multiply by 100. For example, if their total expenses are $3,000 and they spend $300 on utilities, the calculation would be ($300 ÷ $3,000) × 100 = 10%. Thus, 10% of their expenses are spent on utilities.


What is the information needed to fill out and income tax form?

What income you had. What expenses by type you had. What your family situation is (married, dependents, etc).


Can you claim on taxes taking family member long distance to doctor?

No. If the family member you are referring to is not your dependent. If the person is a dependent on your return then you can use medical mileage allowance for driving to and from a physician or hospital for transporting the patient, but not to visit a patient. This would be filed on your Schedule A of your 1040 Tax Form if you have enough to itemize.


What is the difference between a budget and account?

A budget is how much money you have to spend on certain items. For example a family person can say I am not going to spend over $40 on groceries this month. If the head of household went over $40, then he/she went over their budget. An account is how much money you have in a bank to pay bills.

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