Chart of the Week: What Does the Average Household Spend their Money On?

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Feb 02, 2015
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Question of the Day, Budgeting, Purchase Decisions, Chart of the Week

Nice graphic to show the importance of housing and transportation in a typical family’s budget:

Screen shot 2015-02-02 at 6.53.44 PM

Bonus question:  

Using an annual salary of $64,000 in this example, how much money is left over after taking into account all of these monthly expenses?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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