Monthly Expenses
Whether it's a mortgage payment, or a trip to the grocery store, we've all got our monthly expenses. Not sure how you're supposed to be spending? Our data tool in Everybody's Money can show you how other people like you in your zip code are spending their money every month. For example, the average household in Cleveland, Ohio spends $248 a month on groceries. In Miami, the average household is spending $335 a month at the grocery store. Of course, spending varies for every individual, but it's easier to start a budget when you have a point of reference.
Bundle's My Money management tool will track all of your monthly expenses, and allow you to see how much you're spending on fixed expenses vs. discretionary expenses.
You can evaluate your expenses every month, and figure out where you can realistically cut back, so you can put your savings towards your investments or other financial goals. Your transactions are automatically categorized, so you can see what percentages of your spending are going towards specific categories. Rent, groceries, utilities, auto expenses — it's all there. Once you know where your money is actually going, you'll have a better idea of how to prioritize your monthly expenses.