Where our money goes

Published: Sunday, Jan. 5 2014 11:16 p.m. MST

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The new year has come, and with it renewed dedication to fix up our finances.

Resolutions to cut the fat of unnecessary monthly payments out of the family budget, making room for what’s important is a typical approach, albeit one that becomes increasingly difficult as the year presses on.

But there are certain expenses that stand the test of time and New Year’s resolutions.

First in 2007 and then again in 2010, the Pew Research Center conducted a Social Trends report, aiming to find out what everyone was spending their money on. This report, titled “What Americans pay for — and how” sought to discover not how much each American spends on an average bill, but how many Americans are paying any given bill.

The researchers identified the 14 most common bills to pay, and then asked 2,000 participants to answer whether they considered any of the suggested bills to be a “regular household expense.”

The results provide an insight not only into emerging national economic trends, but also into national priorities.

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The Final Word
Alpine, UT

Cable/Satellite bills.

The bane of our existence. If I didn't watch alot of live sports I would have cut the cord long ago.

Those of you who don't watch live sport you should cut the cord immediately and stop flushing your money down the drain. Netflix, network websites, Roku, WDTV, Chromecast, Apple TV, Hulu, and the list goes on.

If these companies want to exist they should offer a way for us to pay for the channels we want. Yes I know one subsidizes another blah blah blah.

Its and old broken model that extorts too much money for the 6-8 six channels I watch (sprinkled through 3 tiers of billing packages).

Society needs to organize and end this. Every household could use an extra $1-2K per year.

ImaUteFan
West Jordan, UT

Final Word, I hear ya. We are sports junkies at our house, too. Satellite TV feeds our addiction for sure! Otherwise, we would flush it and save ourselves some money.

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