Let Us Enhance Your family can also prepare a budget similar to your budget. What are the expenses to consider in a family budget? Read the list below. 1 1. Food usually gets the larger share 2. Shelter comes if you are renting, if not, include taxes, repair, and maintenance under this item. 3. Educational expenses include fees, allowances, and supplies. 4. Clothing depends on the needs of the members and the number of members in the family. 5. The utility includes electric and water bills. 6. Health Care is often needed. 7. Recreation enables the family to enjoy the weekends. 8. Savings are needed for future trips and emergencies. Remember: Income - Expenses = Savings​