With each passing phase of your life comes plenty of new experiences, joys, opportunities and obstacles. The bright points may encompass things like gaining a higher education, getting married, having a child, buying a home, or going on that epic vacation you’ve always dreamed of. All of these adventures are rewarding and fulfilling in their own ways, but as you’ll find, many may add hefty expenses to your monthly bills…hence, the obstacles.
Indeed, those monthly expenses can really add up. With that higher education comes student loans; getting married now costs an average of $35,329 in America; raising a child through the age of 17 costs another $233,610 ; and the median home in the United States will set you back $200,000 .
In fact, the average American spends roughly 90% of his or her income each year, according to the Bureau of Labor Statistics. But even with all those bills, there are still ways to save and go further with your money. Here are nine tips to help you cut down your monthly expenses and save even more for the fun parts of life.Read more