You Spend Almost $5,000 of Your Salary on Work-Related Expenses Every Year
Good to know. That’s a vacation!According to a new study, the average person spends $406 every month on work-related expenses. That’s $4,872-a-year . . . or about 10% of the average American salary.
So apparently you need a job just to afford HAVING a job? Here’s how it breaks down:
Commuting costs $248-a-month, or $2,976-a-year. Whether it’s getting gas, taking public transportation, or parking fees.
Lunch and snacks, $90-a-month or $1,080-a-year.
Coffee, $21-a-month or $252-a-year.
Random birthday and retirement gifts for coworkers, $9.50-a-month or $114-a-year.
Work wardrobe, $24-a-month or $288-a-year.
Sponsoring your coworkers’ charity walks, buying their kids’ cookies and candy, and other donations . . . $3-a-month or $36-a-year.
Expenses you forget to claim, $10.50-a-month or $126-a-year.