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💰 Money
Do I spend too much per month?
See how your total monthly spending compares to your income bracket.
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All expenses: rent, food, transport, insurance, etc.
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How much monthly spending is normal?
The average American household spends about $6,081/month ($72,967/year) according to the BLS Consumer Expenditure Survey 2023. But this varies hugely by household size and location.
Average monthly spending by household size (BLS CEX 2023)
- 1 person: $3,600/month
- 2 people: $5,200/month
- 3 people: $6,000/month
- 4 people: $7,100/month
- 5+ people: $7,900/month
The 50/30/20 budget rule
- 50% Needs: Housing, food, utilities, transport, insurance
- 30% Wants: Entertainment, dining out, hobbies, subscriptions
- 20% Savings: Emergency fund, retirement, debt repayment
Where does the money go? (average breakdown)
- Housing: 33% ($2,000)
- Transportation: 16% ($970)
- Food: 13% ($790)
- Insurance/Pensions: 12% ($730)
- Healthcare: 8% ($490)
- Entertainment: 5% ($300)
- Everything else: 13%