New Style for 2010: Be Frugal

The 2008 US Census Bureau income and expense figures reports that the average American household has only $494.37 of discretionary funds left over each month after paying the monthly household expenses These expenses include: housing, utilities, food, transportation, health care, entertainment, personal insurance and payroll taxes. This translates into roughly $16.00 per day per household.

With a budget of $16 per day, it is important that we become frugal in 2010. Otherwise, we will have a major problem. In 2010, find ways to reduce expenses if at all possible. It is no wonder that American families save less than families in Canada and England.

If you were given $16 each day to do with as you please what would you do? This is a definite call for each of us to live below our means.