Where does your money go? If you're like most Americans, more than half of it goes towards housing and transportation alone.

This is according to the Consumer Expenditure Survey performed by the Bureau of Labor Statistics.

The most recent study shows American household spending habits from 2005, but the percentages change little from one year to the next.

The largest expenditures by household are:

• 32.7% for housing
• 18.0% for transportation
• 12.8% for food
• 5.7% for healthcare
• 5.1% for entertainment
• 4.1% for apparel
• 2.0% for education
• 1.2% for personal care products/services
• 0.8% for life and personal insurance

With this industry-by-industry breakdown, we can see how changing where you live and how long you commute can be the best ways to keep your household budgets in check.

Saving money on haircuts, clothing, and food can make an impact, too; but not nearly as much as living in less expensive home or changing driving habits.