Graphic Are you spending too much?

Compare your expenses with those of a typical household

Spending more than average might be unavoidable if you live in a high-cost area, but looking at your expenses critically can help you establish healthy spending habits.

Key Takeaways:

  • Tracking your expenses and seeing how you stack up can help you identify any areas where you might be spending too much.
  • Although it can be helpful to see what a typical household spends, your expenses may be higher or lower depending on where you live, how large your family is and other factors.
  • Budgeting can help you take control of your spending so that you have more money to put toward your financial goals.
  • When making your budget, consider setting aside 50% of income for needs, 20% for goals and 30% for wants.
  • Your UBS Financial Advisor can help you evaluate your spending and prioritize your goals.

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This is for informational and educational purposes only and should not be relied upon as investment advice or the basis for making any investment decisions. It has not been prepared with regard to the specific objectives, financial situation or particular needs of any specific person. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of UBS.

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