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

<p>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.</p> <p>PennyWise host <a href="https://twitter.com/TeriBarrMedia">Teri Barr</a> is talking with <a href="https://www.nerdwallet.com/author/elizabeth-renter">Elizabeth Renter</a>, 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.</p> <p>Elizabeth also shares what this means related to a recession, and what you can do about it.</p> <p><strong>More from Elizabeth on NerdWallet:</strong></p> <ul> <li aria-level="1"><a href="https://www.nerdwallet.com/article/mortgages/fthb-affordability-q22022">First-Time Home Buyer Metro Affordability Report – Q2 2022</a></li> <li aria-level="1"><a href="https://www.nerdwallet.com/article/finance/data-inflation-spending-recession">Got an Extra $11,500? You’ll Need It to Keep Up With 2022 Prices</a></li> <li aria-level="1"><a href="https://www.nerdwallet.com/article/insurance/data-gas-inflation">U.S. Drivers’ Gas Spending Soars Toward $562 Billion in 2022</a></li> </ul><p><a href="https://omny.fm/shows/pennywise" rel="payment">Support the show: https://omny.fm/shows/pennywise</a></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>