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An expert answers: How much money do you need this year?

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Do you have an extra $12,000? It's how much more experts say you are spending, on average this year, compared to two years ago.

PennyWise host Teri Barr is talking with Elizabeth Renter, a Personal Finance Data Analyst with NerdWallet, to learn more about the specific categories where you've had to spend a lot more money in 2022.

Elizabeth also shares what this means related to a recession, and what you can do about it.

More from Elizabeth on NerdWallet:

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PennyWise

A show about money, finances, and investing. Join Teri Barr every Thursday as she's joined by specia 
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