How do your next door neighbors spend their money?
Didn’t you always wonder what your next door neighbor spends on their money on every year? Or maybe you were curious on whether you spend more or less than you should based upon your current income levels? The answer to these and many other questions can be discovered on a new website called www.bundle.com.
Bundle is a fresh new website still in its testing stage that aggregates data from many different vantage points to give you incredible details on what people just like you spend from utilities to home repairs to dining out.
For example, if you are ages 36 to 49, are married with kids, and make $100k to 125k, here are the statistics according to Bundle. They say in Alpharetta, GA that the average demographic spends $1,144 in food and drink, $1,723 in shopping, and $405 in travel and leisure. Perhaps Bundle hasn’t been to Alpharetta as of late to see what kind of shopping is being done at the mall.
These new tools can be fabulous for looking as some fun financial statistics, but they simply don’t replace doing a comprehensive financial plan with your personal data. While you may have a great interest in the overall economy, what you should focus on most is that your personal economy. I often wonder what people around me spend their money on, but I know for sure that they won’t help me retire. Bundle up!
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oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.
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Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC. ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.
