/Save Money on the Ten Biggest Family Expenses

Save Money on the Ten Biggest Family Expenses

Budgets seem to constrict tighter every year. Income often rises more slowly than expenses.

Still, there are ways to get a handle on your family budget – tonight. (livestrong.com)

Housing

According to Visual Economics, the largest expense for the average family is housing or shelter. The typical rent or mortgage makes up approximately 18 to 30 percent of the family’s income.

Social Security and Pension

The second largest expense for most families is Social Security and pension allocation. This money is generally taken out of the wage earners’ paychecks, so many families may overlook it as an expense.

Keep reading at livestrong.com.