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The main significance of a family budget estimator is that it helps to effectively manage money and helps the family to spend their money wisely on the things they needs.
What is a family budget estimator?
This budget estimator helps to measures the income that a family needs in order to attain a modest yet adequate standard of living. The budgets also estimate the community-specific costs for 10 family types (one or two adults with zero to four children) in all counties and metro areas in the United States.
Based on the attached image:
MONTHLY COSTS
••• adults and ••• children
••• 2 adults and 4 children
Union County, NJ
HOUSING ••• $1,731
FOOD ••• $1,142
CHILD CARE ••• $1,723
Transportation ••• $1,173
HEALTH CARE ••• $1,528
OTHER NECESSITIES ••• $1,159
TAXES ••• $1,411
Monthly Total ••• $9,865
Annual Total ••• $118,386
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