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Where Does The Money Go?
August 4, 2009 by · Leave a Comment
Where does the money go?
If you’re like most U.S. consumers, more than half of it goes to housing and transportation costs.
According to the government’s most recent Consumer Expenditure Survey, spending patterns are little changed from years prior.
More money is spent on entertainment and less money is spent on dining out. Beyond that, the figures are somewhat static.
Meanwhile, using on the survey’s industry-by-industry breakdown, we can see how monthly housing payments and daily commuting costs impact a household’s budget.
For the budget-conscious, going out less often and bargain-shopping can help pad the bottom line, but not as much as living in a less expensive home or moving closer to work.
Even a refinance into lower rates can make a difference.
For Rita, real estate runs in the family. A native Chicagoan, she grew up as the daughter of a Chicago real estate developer, and learned more about the many neighborhoods of the city than most residents do in their lifetime. 
