Although the majority of adults report having some sort of a budget, weekly splurges make sticking to it tricky, a recent survey shows.
The amount that consumers spend each week — not counting bills such as mortgage or rent, utilities, etc. — averages $340, or $143 more than the average $197 budgeted, a survey shows.
Consumers carry nearly $1.1 trillion in credit card debt, up from $888 billion five years ago, according to the Federal Reserve.Even though most consumers say they have a budget, 79% of them fail to stick to it, according to research from crowd-sourced shopping platform SlickDeals.net. "I've heard 'I don't know where all the money goes' from people who make a gazillion dollars and from poor college students and everyone in between," Nelson said.
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