Personal Finance
Better Finances for a Better You
Topic: "Family Budgeting"
← Curating the web to find the most interesting and helpful
information about your money.
Infographic of the week
Visualizing How Americans Spend Their Money
Today, consumer spending represents 68% of U.S. GDP, with much of this used for housing, transportation, and healthcare costs. More than ever, Americans are using debt and credit cards to fund these purchases. In the second half of 2024, household debt hit a record $17.9 trillion. At the same time, credit card debt surpassed a historic $1 trillion, climbing by 8.3% over the time period.
Discover how simple it is to track your spending and compare it daily, monthly, or yearly with Neontra →Word of the week
70-20-10 Budget
The 70-20-10 budget formula divides your after-tax income into three categories: 70% for living expenses, 20% for savings and debt repayment, and 10% for additional savings and donations. By allocating your income into these three distinct buckets, you can more effectively manage your finances on a daily basis.
I Tried the 70-20-10 Rule, and Now I’ll Never Look at My Budget the Same Way by Heather Bien →Infographic of the week
Ranked: The 25 Least Affordable Cities in America from the visualcapitalist.com
Inflation may have come down from its post-pandemic highs, but Americans are still feeling the effects of the rapid price rise in the last three years. And some places in the country are simply more expensive than others due to larger populations, more economic opportunities, desirable communities, and high taxes.
California alone has five of them, led by San Jose, where households spend nearly $3,700 dollars a month →Infographic of the week
The Cost of Raising a Child, by U.S. State
Although costs vary from family to family, two working parents spend an average of around $23,000 per year raising one child in the United States. This graphic illustrates the cost of raising a child by state, based on data compiled by SmartAsset as of February 2024.
How does your home State compare? →Infographic of the week
Mapped: How Much Americans Spend on Groceries in Each State
Since August 2020, prices for “food at home” (groceries) have increased by 20% according to data from the Bureau of Labor Statistics, the steepest inflation seen since the 1970s. On average, American households are paying about $270 per week ($1,080 a month) for groceries, according to Delish, which sourced their findings from the latest Census Bureau estimates.
U.S. States by Weekly Grocery Bills →← Curating the web to find the most interesting and helpful information about your money.