Spending Habits

My personal experience with spending habits is not very positive. This topic was the most relatable to me. I struggle with this issue everyday. In today’s society this problem is becoming more critical. Although the economy is getting worse and more people are without jobs, it is amazing how the number of money spent per year by Americans are increasing rapidly. Amongst these numbers, African Americans are spending the most money. This was amazing to me especially since we are the group receiving the lowest income in the United States. The money being used to buy depreciable big ticket can be better served buying land or investing into stocks or other options that will help you make money and prepare for the future. African Americans need to learn to have their money work for them not against them.