Summary of the article:

• Housing and transportation are the biggest expenses for most households
• These two categories make up more than half of the average household budget
• The BLS Survey of Consumer Expenditures in 2022 reveals insights on household spending patterns

Closing paragraph:

So, folks, remember when budgeting, don’t overlook housing and transportation costs – they’re the real budget busters! Stay thrifty out there!

Original article: https://www.biggerpockets.com/blog/how-i-live-without-housing-costs-or-transportation-costs