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.