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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Owning a home is a great goal to have. However, once you have ownership — there are some easy-to-miss expenses that you no longer want to afford. These are fees that may be costing you more than you think. Here are 30 household expenses you can cut. Cable or satellite TV subscriptionsThe whole world is watching everything through subscriptions, but consider canceling your cable or satellite TV subscription and switching to streaming services like Netflix, Hulu, or Amazon Prime. Many families don’t use their streaming services enough to justify their monthly purchases on them. If you aren’t usi...
ValueWalk
For many, 2020 was the year that couldn’t end fast enough. Health and safety guidelines continue to recommend social distancing and self-quarantine. Some states (including California) have taken added steps in the winter months to encourage people to stay home as much as possible, while COVID-19 cases continue to rise. Q3 2020 hedge fund letters, conferences and more For those making an effort to establish a “social bubble” to keep their family members close while limiting any additional social contact, this extra proximity may be turning into too much of a good thing. Distance makes the heart...
ValueWalk
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