I don’t share much infographics on my blog, but it’s pretty interesting to see how people are spending their money even if it’s not for the country I live in. I’d like to see an infographic like this for Canads or the US. I found one of the more interesting parts was how much they spend on transportation. Looks like most people are spending more on transportation than housing. You sure wouldn’t find many people with that kind of budget here in Canada, at least not in big cities. If transportation really is that expensive, I can see why people might be more likely to resort to short term loans. They might be able to find ways to save money on housing, but with transportation costs you might be somewhat limited in options.
What do you think of these stats? How does it compare to your own budgeting?
Setting financial goals can help you achieve the dream of living a debt free and stress free life. If you would really want to stop living paycheck to paycheck, you will have to think and plan wisely. You will not simply be required to think more seriously about budgeting but also about newer strategies that may help you lead a debt free life. Debt free life perhaps is more of a relative term. How much of debt is actually considered to be bad and stressful debt? Depending on the affordability and the financial situation of a person, the amount is supposed to vary. It also depends on the credit rating of the person.
Taking The Right Decisions And Budgeting
So that you can take the right decision towards saving money and securing your financial future, it is important for you to be aware of all of the details of savings, investments, the financial stability of the place you are in and the terms of your affordability. In addition, it can also prove to be beneficial if you can discuss the financial strategies to be followed; with a financial expert. Continue reading