7. Apparel and clothing – $2,200
Buying new clothes and accessories
Airline tickets, gas, insurance, repairs and . . . ugh, car payments—all that adds up to $1,025 a month. We love our cars in the good ol’ U.S. of A. The average monthly payment for a new car is $726! And that’s why paying cash for a car is the way to go. Don’t throw hundreds of bucks a month into something that goes down in value as soon as you drive it off the lot. The $488 per month for health care includes the cost of health insurance premiums and out-of-pocket costs for medical services and prescriptions. It’s a pretty big line item for most Americans, especially if you have a family. And it went up by 7.3% in 2022.
