According to the Bureau of Labor Statistics, the average American household shells out a little over $57,000 each year between the necessities of life and the luxuries that make life worth living. That’s some real money, and particularly if you want to get ahead in life, you need to know where your own money is going and why.
After all, just because other people are spending money on something doesn’t mean you need to spend money on it. And even if you do, the difference between winding up broke and winding up rich is largely based on spending less to free up more of your money to invest. With that in mind, here are the nine most common ways that Americans spend their money. Read More.