A website were you can virtually spend Elon Musk's money. These people then spend their money on pain relief — alcohol, drugs, and other diversions. True wealth occurs when the way we spend our money is not simply compensating for how we earn it. Wealth occurs when the way we earn money and the way we spend money are aligned with one another — when our money is earned through a positive experience. When the actual money is virtual — represented solely by a line on a screen — and the process of making a purchase is a quick swipe or a tap, it feels less real and less precious. By now the fact that credit cards can make us less frugal is a truism, but it hasn’t stopped many millennials from avoiding cash, because a lost credit card is. Stacker compiled a list of counties in Idaho where people spend the highest percent of income on rent using data from the U.S. Of course, saving money by owning a home is.

By Stephanie Horan of Money Talks News |

U.S. Cities Where People Are Spending the Most (and Least) on Housing

People Spend Real Money Youtube

Editor's Note: This story originally appeared on SmartAsset.com.

Average monthly housing costs across the 50 largest U.S. cities are $1,268, or about 14% higher than median monthly housing costs nationally ($1,112). Additionally, residents spend an average of 23.88% of their annual pre-tax income on housing costs in those cities, while the average American spends 20.31%. Though large cities are often more expensive when it comes to housing — not to mention other living costs such as transportation and food — some cities are more expensive than others.

In this study, SmartAsset identified the cities where people spend the most and least on housing. We compared the 50 largest U.S. cities across two metrics: median monthly housing costs and housing costs as a percentage of income. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section at the end.

This is SmartAsset’s second annual study on the topic. Check out the 2020 rankings here.

Why Do People Spend Money

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People Spend Real Money Now

People Spend Real Money As A

A tax refund can feel like a financial windfall — after all, your refund can add up to the thousands. That’s a big chunk of change that could be put to use in many different ways.

See: Don’t Miss Out on Nominating Your Favorite Small Business To Be Featured on GOBankingRates — Ends May 31

Spend Donald's Money

Of course, you could be responsible with your tax refund by using it to improve your financial situation. A recent GOBankingRates survey actually found that the No. 1 thing Americans plan to do with their refund is put it in savings. Still, others plan to spend that money on a splurge.

Spend Money Game

Using your refund on a fun purchase isn’t necessarily a bad thing if you’re in good shape financially. There are still good splurges and bad splurges, however. Read on to see some of the worst things people have done with their tax refunds.