Whether you're just starting to build your financial life, you're past retirement or you're anywhere in between, it's vital to track your spending habits. You should always know where your money is going, so you can adhere to your budget.
When you're first starting out, you'll want to build a solid financial foundation, not one rife with debt. When you're earning a decent salary from your career, funnel as much money as possible toward paying down mortgage debt and maximizing your retirement accounts. Finally, when you're retired, you'll want to pay off any remaining debt and free up money for necessary expenses that might arise. But one question you might ask yourself at every step of the way is, "How much does the average American spend per day — and where do I stack up?"
GOBankingRates analyzed 2017 annual expenditure data from the Bureau of Labor Statistics in 15 categories covering both necessary and discretionary spending to find out how much the average American in each age generation spends in a day. Keep reading to find out where you stand within your age group and whether or not you're guilty of bad spending habits that can bust your budget.