Do you make a budget for your spending, or do you just spend money without keeping track and curse when your bank account hits you with a negative fund fee? There are two types of people. Some are very good with money and can balance a checkbook and save money easily. For others good money habits must be learned. The first step in creating a budget is knowing where your money is going. This excellent graphic put together by a team at Swagbucks.com shows the average American expenditures by age group in the US during 2019.
It is interesting to see the different percentages in each category for people younger than 25 all the way up to people over 75. As the infographic shows the largest average yearly expenditure for Americans is housing (20,679 per year) followed by transportation ($10,742), food ($8,169), insurance ($7,165), healthcare ( $5,193) and entertainment ($3,090). How does your spending compare?