How much money did you spend last year?

If you’re like most people, you may answer “Too much!” or “A truck-load!” without knowing an actual number.

But, thanks to a yearly survey by the Department of Labor, we can now account for each category of spending for the whole year, both in real dollars and as a percent of the overall budget.

In fact, it’s estimated that the average U.S. consumer spent a total of $49,638 last year, or $4,136.50 monthly and approximately $138 per day!

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American Shopping Holidays; 25 Facts about Black Friday and Cyber Monday

Last year, about 137 million Americans – about half of our adult population – flocked to malls, shops, and their favorite retailers on Black Friday. They’re spending big bucks, as U.S. consumers will throw down about $61.4 billion in sales this year, up from $41 billion in 2008. (In total, we’re expected to spend about $682 billion this holiday season!)

The name “Black ...

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Are you (or your partner) committing financial infidelity?

Money and relationships are inextricably tied, each exerting significant influence upon the other. Don’t believe me? In 2009 – during the dark days of the real estate crash and Great Recession – there were more foreclosures than marriages in the U.S.

I know what you’re thinking – there we an unprecedented number of foreclosures at that time, but the data on divorces during ...

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Death by a Thousand Hidden Fees

If you’re like most Americans, you’re probably tightening your budget and watching what you spend. But it’s not just the cost of goods and services that’s eating up your paycheck, but also the hidden and unnecessary fees that are being lumped in by companies just to try and bleed a few more dollars out ...

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Grrr and ughhh about $$$! Our stress about money and finances is higher than ever

According to new data from the American Psychological Association and other studies, money is the leading cause of stress for Americans.

In fact, 76 percent of Americans report that financial worries stress them out the most, above even work (70 percent), angst about the economy (65 percent), family responsibilities (47 percent) and personal health concerns (46 percent).

1 ...

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