family finances

Definition

All income, expenses, and financial accounts related to the maintenance and upkeep of an entire family household. This includes all sources of income including wages, investments, savings accounts, and trusts. Expenses include items such as mortgage or lease payments, car payments, utility bills, grocery bills, retirement plan contributions, insurance, education, taxes, credit card payments, clothing and other sundry purchases.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
family company family firm