Your family size, ages, sexes. Young families need a good deal of money to settle into their first homes, to start a family and, sometimes, to start a business. Families with teenagers, however, can make the expenses of a beginning family seem small. Spending for boys and girls will differ. Retired couples often have limited needs for material goods.
Many single people have homes and are sometimes head of a household.
Spending needs change according to situations. Where you live. Climate can influence such expenditures as housing, utilities, and the amount and kind of clothing required. Cost of living is also much higher in some areas than in others. Almost all American families have other nationality backgrounds that reflect different attitudes and beliefs regarding family life-style.