I should be getting head financially since I'm earning more money, but I'm not.
It seems the more I earn, the more I spend. At first I thought it was just my imagination. But my credit card and checking account statements don't lie.
As a working mom, I image I'm outspending the stay-at-home, unemployed version of myself. I can't be sure, though, since I've never gone more than a few weeks without working.
What I do know is that I tend to spend more when I'm working more. And that's the case whether I work at home for out of an office.
According to a new Consumer Expenditure Survey by the U. S. Department of Labor cited in a Business Insider article, full-time jobs drive some moms to spend more.
Paying for convenience
I'm completely guilty of overpaying for convenience. I buy the chopped up fruits and pre-made yogurt parfaits at the grocery store that cost more. I also eat out a lot.
According to the survey, working moms spend $3,092 versus $2,606 for the unemployed moms when it comes to the eating out category. I justify my grab-and-go purchase decisions by telling myself my bigger paycheck will cover the costs. But, the reality is I can make a smoothie in 30 seconds. I don't get paid $2 in 30 seconds, which is what it's costing me to purchase the pre-made protein shakes.
Relying on my inner handywoman
Working moms spend $3,427 versus to $2,300 on household maintenance and repairs, the survey revealed. I don't think the fact that I work a lot has anything to do with the fact that I spend more on repairs around the house. I don't have any skills when it comes to home maintenance. Even if I became a stay-at-home mom, I don't think I would suddenly know how to do the plumbing or fix the electrical problems in the house. Still, if I worked less, I'd have more time to devote to housework.
Shelling out more for transportation
Without a doubt, I spend more money on transportation because of my job. Moreover, when I work more, I tend to spend even more money on gas because I have to drive to more appointments. The survey revealed working moms spend $3,094 on car repairs and transportation compared to $2,652 for their unemployed counterparts.
What the survey didn't look at was the high cost of looking good at the office. According to a recent article in U.S. News and World Report, a number of studies show that attractive people earn a higher salary. I think most working moms spend more money on their hair, nails, professional wardrobe and makeup. I know I spend plenty.
Although I wouldn't mind getting paid more for the work I do, I am maxed out on how much time I spend on my career. It's just too expensive to work so much.
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