Personal budget

The share of food and non-alcoholic beverages in households' overall expenditure was 22.8 percent, followed by housing and rent at 22.4 percent last year, a survey by the Turkish Statistical Institute (TÜİK) has shown.

Transport expenditure was the third largest expenditure item, with a share of 21.3 percent, according to TÜİK's Household Budget Survey.

No two families are alike. Depending on the size of the family, its lifestyle, the country of residence and thousands of other tiny factors, the budgets of two seemingly similar families can be completely different. Thus, there is no universal family budget common for all people.

Despite the impact of austerity on their household budgets, Greeks continue to spend a significant portion of their monthly income on private health and education to supplement public services, new research has revealed.

Housing expenses had the largest share in Turkish people's total budgets at 24.8 percent in 2014, followed by food and non-alcoholic drink expenditures at around 19.7 percent, according to the Household Budget Survey 2014, the results of which was released by the Turkish Statistics Agency (TÜ?K) on Nov. 17.