4.8 • 3.6K Ratings
🗓️ 30 December 2024
⏱️ 10 minutes
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0:00.0 | Well, hey, you guys. So I recently saw an article that laid out monthly spending trends for the |
0:10.5 | average American. And the data comes up from the Bureau of Labor Statistics. And it's really |
0:15.0 | interesting to kind of get a peek behind everyone's budget. And since you guys find it so helpful |
0:19.9 | to realistically compare your |
0:22.0 | financial progress, I figure today, let's unpack that data together and just see where we all |
0:27.0 | stand. And at the end, I'll share three ways to create a positive impact in your monthly budget, |
0:32.3 | because I think that's also really important. And make sure to subscribe and share this episode |
0:36.5 | with a friend. All right, |
0:38.0 | let's get started. Okay, first, I want to clarify that when it comes to your money, you have to |
0:42.5 | know where you are in order to know where you're going. And also, remember, that comparison is the |
0:48.6 | thief of joy. And so as we're going through these numbers, I want you to have context of where you are in your |
0:55.4 | financial journey because it's going to help you be able to be like, okay, you know, is this kind of |
0:59.0 | feel on average? And then also, these are not, this isn't you, right? This is the average American. |
1:04.8 | So remember that, but don't compare how someone else is doing to you from a deeper sense, right? Because your financial journey is so |
1:12.9 | personal. And I always talk about, you know, put the blinders on, run your own race. And I think that's |
1:17.7 | really important. So again, always remember this balance of, you know, seeing other people's numbers |
1:22.1 | and thinking, okay, that's kind of where we line up. I think that's good. But don't get so bogged down and feel like, oh my gosh, |
1:28.0 | you know, we're doing terrible or whatever it may be, right? So there's a balance here, |
1:31.9 | but it's always good to feel like you're never alone because you're not. We're all on this |
1:35.8 | journey together. All right. Let's look at the average Americans spending habits. And then |
1:42.1 | I will kind of react and give you my thoughts as we go along. |
1:45.0 | So as a baseline for context, remember, the average annual salary nationwide is about $59,000. |
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