According to a survey of more than 1,123 Americans by Principal Financial Group, two in three said they blew their budget in 2014 — and dining out is the No. 1 thing Americans say they blew their budget on. Eating out is followed closely by spending on food/groceries – at 18%.
Meanwhile, the much-ballyhooed “latte factor” doesn’t seem to be the problem many financial gurus say it is: Just 3% say buying coffee caused them to derail their spending. Spending on housing/home improvements and clothing, apparel and shoes also don’t make many Americans blow their budgets either, at 10% apiece.