householdexpenses
Are you feeling the pinch of risingliving costs? Don’t worry, you’re not alone. At the end of the third quarter of 2023, American households had $17.29 trillion in debt, and the average household debt was $103,358. It goes without saying that many of us are looking for ways to save money and stretch our budgets. Although reducing household costs by cutting back on obvious expenses like dining out and entertainment is a good start, there are many other ways to cut household costs that you may not have considered. 1. Be a pro at DIY.To become a DIY pro, you must invest time, effort, and willingn...
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The number of U.S. households with dual income has risen from 51.9% in 2010 to 53.3% in 2019. According to the Bureau of Labor Statistics, however, 61.1% of married couples with children have both parents working. At least one parent in 97.4% of married-couple families with children was employed in 2022, and 65.0% of these families had both parents employed. Of course, this isn’t all that shocking. MagnifyMoney senior content director Ismat Mangla points out that dual-income households in the U.S. have been increasing for decades. As a result, it is not surprising that this trend has continued...
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When a recession is looming, it’s always wise to monitor your spending habits. Furthermore, many areas of the economy remain under inflation pressure. Increasing demand for housing and spending on travel, dining out, and entertainment events have led to increases in rent, grocery prices, and hotel, restaurant, and airline flight prices. As inflation takes a toll on your wallet, we’ve put together some ways to ease the burden. You’ll find 26 quick and easy ways to cut home costs, from lifestyle adjustments to energy-efficient gadgets. 1. Make sure your lightbulbs are clean.What? Who does that? ...
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