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Household Budget

The Household Budget analysis provides a comprehensive monthly financial overview by combining income and spending data to calculate the household's financial balance and budget situation.

Overview​

Household Budget analysis consolidates data from the Income modules and Spending modules to generate a complete monthly budget breakdown. This analysis calculates average monthly values across all observed data and provides a financial balance assessment.

Required Scope: person-household-budget

Core Components​

Monthly Income Breakdown​

The analysis aggregates income from various sources:

  • Salary - Employment-related income
  • Pension - Retirement and pension payments
  • Child Benefit - Child allowances and benefits
  • Parental Allowance - Parental leave benefits
  • Rental - Income from property rentals
  • Alimony - Maintenance and support payments
  • Other Recurring - Regular income from other sources (e.g., insurance payouts)
  • Other Non-Recurring - One-time payments and irregular income

Monthly Spending Breakdown​

The analysis categorizes spending across key areas:

  • Rent - Housing and rental costs
  • Credits - Loan instalments and credit payments
  • Insurances - Insurance premiums and policies
  • Investments - Savings plans and investment contributions
  • Credit Cards - Credit card payments and settlements
  • Other Recurring - Regular recurring expenses
  • Other Non-Recurring - Variable consumption and day-to-day expenses

Financial Balance​

The analysis calculates the monthly financial balance as:

Balance = Total Monthly Income - Total Monthly Spending

This balance indicates whether the household has a monthly surplus (positive balance) or deficit (negative balance).