How Does My Spending Compare?
How are you doing financially? Do you feel satisfied with where your money is going? If not, you might want to consider taking a look at where you can make some changes?
After you have tracked where you spend and how much you spend, then you can complete your cash flow worksheet. Once your cash flow worksheet is completed, you may want to compare your spending to how other Americans spend.
Each year data is collected that reflects how Americans spend their money. It is called “The Average Annual Expenditures of Americans.” The latest data is from 2019. The chart in the worksheet “How Does Your Spending Compare” is a brief summary of how Americans spend their money.
The chart allows you to see a summary of how Americans spend their money. Once you see where others are spending their money, you can compare where and how much you spend. You may decide you are overspending in some areas. You may want to adjust your spending in some categories so that you will have money available for other categories that are more important to you.
Use this chart to see how the amount you spend compares to what other Americans spend.