What is first on your list when deciding how to allocate your salary? There might be a lot on that list for you to finish off paying in just one paycheque. Perhaps, the most frustrating part is that even before you receive your paycheque, you already have a long list of incurred debts that need to be paid off. Most Americans feel the same way.
There are those who work really hard just to make ends meet. Some others even joggle two jobs just to earn more money. Despite the efforts they put into the job, they still are unable to get enough money to pay for everything that they need each month.
The wide disparity between the rich and the poor is so glaring that it becomes extremely frustrating. Those who are on top keep earning a lot of money and even have way beyond what they need, while those at the bottom work twice as hard, but earn only a small percentage of what the rich people earn.
This is the sad reality that you can’t overturn right now. The only thing for you to do is to make further sacrifices. Look for ways to cut back on your expenses whenever possible. Make sure that you find a way to pay for all the expenses, but still have something left for yourself.
Below is an infographic depicting how most Americans spend their annual salary. You can check out how you spend your money relative to them. This might also help you become more careful in making financial decisions.