financial situation; household finances
Idiomatic expression referring to the financial state of a household, organization, or group, often used when discussing tight budgets or economic difficulties.
Our financial situation is tight, so we gave up on traveling this year.
会社の台所事情を考えると、新規事業は難しい。
Considering the company's financial situation, a new business venture is difficult.
家計 is a more formal, neutral term for household finances, while 台所事情 carries a slightly more colloquial, idiomatic nuance of the 'kitchen situation'.
財政 refers to public or organizational finance on a larger scale, whereas 台所事情 is often used for smaller, more personal financial matters.
Compound of 台所 (kitchen) and 事情 (circumstances), literally 'kitchen circumstances', idiomatically extended to mean the financial situation of a household or group.