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If you’re making a financial resolution for the New Year, you might want to start with where your budget went off the rails in 2013. For more than one in five Americans, meals at restaurants were to blame, according to Principal Financial Group’s Financial Well-Being Index for the fourth quarter of 2013. The online survey polled 1,106 working American adults between Oct. 25 and Nov. 5.
Food in general was the biggest budget buster, with 22 percent of those surveyed saying dining out tanked their budget and 21 percent saying food and groceries were the culprits. Gas and entertainment followed close behind, and a small number of survey participants (5 percent) said a coffee habit was their biggest budgetary leaky drip.
Nearly one in four (23 percent) survey participants said they’ve resolved to cut down on spending in 2014.
See related:12 credit card predictions for 2014, More infographics
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