…then take a look at this telling graph from Visual Economics. The data is derived from the 2006 U.S. Bureau of Labor Statistics — so it shows pre-recession spending. Still, notice how housing ($16,920) and transportation: ($8,758) make up more than 50 percent of the average American’s $49,638 in annual expenses. One way to cut expenses is to stop depriving yourself of the occasional ice cream or coffee and instead lower your housing and transportation costs. Of course, in cities like New York, that’s often difficult.
Wondering where your paycheck goes each month?
July 28, 2009 by pazitorg
Posted in Budgeting | Tagged recession, U.S. Bureau of Labor Statistics, visual economics | Leave a Comment
Pazit’s Money $marts
- Pay Off Your Mortgage 8 years early
- Confused by your credit score?
- A thought-provoking question
- Love free stuff?
- Tip: Sign up for blog posts from Thrive, Mint
- Women: Want to be taken seriously?
- No-nonsense Money Advice
- Wondering where your paycheck goes each month?
- Interview with Pazit founder
- A floor of…pennies!
Subscribe to the Pazit blog!
-
Recent Posts
Want to learn more about Pazit?
Visit Pazit.org to find out about upcoming workshops, gain access to useful tools, and join The Money Club.Archives
Meta
Pages
Blogroll
Leave a comment