It is always interesting to look at how we spend our money.  Below is a breakdown on how the typical working American spends their money monthly.  I have also included below that the recommendations from financial professionals as to their recommendations.

Typical Current American Monthly Expenditures:

• Transportation 19%
• Entertainment 6%
• Health 6%
• Housing 30%
• Life Insurance/Retirement Plans 11%
• Clothing 6%
• Food 12%
• Other10%

Recommendations from financial planning experts:

• Transportation 15%
• Food 10%
• Utilities 10%
• Clothing 5%
• Housing 25%
• Medical/Health 10%
• Personal 5%
• Entertainment 5%
• Savings 10%
• Debts 5%

So what do you think of these numbers?  Where do you stack up against the recommendations?

This entry was posted on Tuesday, April 28th, 2009 at 4:51 pm and is filed under Credit Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.