Springtime is incredibly busy around our home. Our children each participate in a spring sport of their choosing (if they want to). They’re also finishing out their school year, which means a number of school activities are on the docket. We usually have family members that come to visit at some point during the month.
Here’s the “average American family budget” that we’re looking at: Housing – $10,080Transportation – $9,004 Taxes – $7,432Utilities – $7,068Food – $6,602Insurance (including things like pensions) – $5,528Debt Payments – $5,252Healthcare – $3,631Entertainment – $2,564 Cash Contributions – $1,834 Apparel and Services – $1,604 Education – $1,138 Vices – $775 Miscellaneous – $664 Personal Care
It’s not too hard to find stories in the media about seemingly ordinary people finding great financial success. You hear about what seems like an ordinary guy or gal who worked in what seemed like an ordinary career path and somehow they’ve got a million dollars in the bank. How did they do it? Unfortunately,
Like many people who suddenly realize how bad their financial situation is, we dove hard into frugality during the first few months of our financial turnaround. It makes sense, really. Frugality is the best personal finance tactic there is for seeing immediate results. If you choose not to spend – or you choose to spend