Living expenses refer to the costs incurred by an individual or a household for basic necessities such as food, shelter, clothing, transportation and other miscellaneous expenses. These expenses are necessary to maintain a comfortable standard of living and can vary depending on factors like location, lifestyle, and personal preferences. Living expenses may also include discretionary spending on entertainment or leisure activities. In summary, living expenses refer to the day-to-day costs that an individual or household incurs in order to maintain their standard of living.