Money, Money, Money: Where Does It All Go?

 Do you ever look in your bank account and wonder where all your money has gone? It happens to all of us, so you’re not alone with this, don’t worry. The amount of bills that you have to pay is certainly a contributing factor to this, but there is going to be more as well. In this article, we are going to be taking a look at some of the places that all of your money goes, so if you would like to find out more about this topic, keep reading down below.

Link Location - CC0 Licence

Household Expenses

The first place that all your money goes is on the household expenses. This is going to be things such as rent/mortgage, bills such as electricity and water, food shopping, and so on. All of these add up to a pretty hefty amount each month, especially if there is more than one of you living in the house. Having said that though, it’s easier to pay for everything when you have two wages, but this isn’t always the case.

Aside from the monthly household expenses that you have come to expect, there are also some unexpected ones sometimes. For example, if you have a septic tank, there might be some septic tank expenses if it needs replacing or changing or something like this. 

Broken Items

If something is broken and can’t be fixed, then you need to throw it away. It’s up to you whether or not you get a new one, but there are times where you are going to have to because you need whatever it is. This can take quite a toll on your bank account depending on what the item is. Broken items in your home can range in price, so if you are lucky it will only be something small and cheap that has broken and you can replace it without much hassle. However, if it was something that is going to cost a lot of money, you can pretty much kiss your cash goodbye.

Savings

The final place that your money probably goes is into savings. If you are saving to buy a new house, a new car, or even just for the future, this could eat up some of your monthly funds. You want to make sure that you are taken care of in the future so you put this money away for when you need it. It’s a perfect idea, and it means that you have some sort of stability in the future, but if you need the money right now, then you’re going to have to use it. However, if you can manage without, then you’re doing the right thing and we encourage you to keep going.

We hope that you have found this article helpful, and now see where most of your money probably goes each month. There are so many different things that you need to pay for, that sometimes it is super hard to keep track of them all. Even though this is the case, you need to do your best to keep on top of things so that you know where all your money is. We wish you the very best of luck.