4. Personal insurance and pension – $6,800
Money spent on personal insurance expenses as well as work pension schemes
Many people will often wonder where all their money goes, without realising what their expenses truly are. For example, you feel you earn a decent salary, but every month, when you try and save some money aside you quickly realise a majority
of it has just disappeared and you have no idea where. Well you won’t be the only one, and within the article we look at the 8 most common expenses an American household will spend on per year, to try and better break down where your hard earned money is going.