02 Sep
2010

You probably work hard at your job all year – but where is that money going? The truth is, very little of that money likely goes towards you. Consider:

1) Taxes. Part of your paycheck goes towards taxes and social benefits. While you may benefit from this in terms of some services, you may be paying in more than you use.

2) Creditors. If you have payday loans, personal loans, and credit cards, part of your paycheck is going towards your loans and the interest you pay on your loans is going towards making your creditors and lenders wealthy.

3) Rent. If you rent your home, part of your rent is pure profit for your landlord.

Every time you pay a bill or pay for something, you are helping to add to someone else’s profits – even if you are getting a benefit or product as well. This is important to keep in mind, because the more you buy, the more you are paying others rather than yourself. Of course, you will want to pay for some services and products. However, before spending on items and services you don’t need, you may want to consider who you would rather be paying.