What does it mean when a coupon says limit of 4 like coupons per household per day?

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It means that, no matter how many of those coupons you have, you can use only 4 per day for everyone in your family. So, you can't use 4, plus your husband use 4, plus your son use 4, plus your daughter use 4, etc.

You're limited to 4 coupons per day for your entire family.
You can redeem 4 of these coupons (or ones like them) per day. If you have 8 of them you can use 4 today but must wait until tomorrow to redeem the next 4.
On the same item?