Where Does Your Money Go?

Posted on 17th May, 2017 by Barbara Davidson

Payday! You know that moment: All your hard work is embodied in a check or direct deposit, and your bank account is looking great. But then you pay your bills and tuck away some savings, and it seems like that paycheck is almost already gone. So where does all the money go? Approximately 76% of Americans live paycheck to paycheck.1 Find out what we’re spending our hard-earned money on over the course of a month.


1Hamm, T. (April 14, 2015). A look at the average American budget – and how the average American can start saving more. Retrieved May 3, 2017, from http://www.thesimpledollar.com/a-look-at-the-average-american-budget-and-how-the-average-american-can-start-saving-more/

2Bureau of Labor Statistics. (August 30, 2016). Consumer Expenditures. Retrieved May 3, 2017, from https://www.bls.gov/news.release/cesan.nr0.htm

About Barbara Davidson

Babs is Lead Content Strategist and financial guru. She loves exploring fresh ways to save more and enjoy life on a budget! When she’s not writing, you’ll find her binge-watching musicals, reading in the (sporadic) Chicago sunshine and discovering great new places to eat. Accio, tacos!