Most Americans think mentally about their check before hitting the bank account: survey

The American average has already spent more than half of their salaries before landing on their account, according to a new study.

The poll voted for 2,000 Americans employed who make less than $ 75,000 a year and explored where the money goes, discovering the “anatomy” of a payment.

Among the low living and salary costs (44%) and sporadic, the second unstable dates (31%), the results found that nearly three in five (59%) pre-planning what is paid first while waiting for their check, resulting in 51%of all funds

Delayed bills (38%) are another major cause in sharing their salary before they have it. In fact, only 40% of respondents do not have a late bill, while 55% have somewhere between one and four during each given month.

Large invoices, such as rent or mortgage (56%), needs, such as food and medication (51%) and smaller bills such as electric or water (38%) have all more prone to be the first paid things after receiving their salary than late bills (29%).

Performed by Talker Research on the behalf of Earni, the results also found that the American average spends about 43% of their salaries within the first three days after receiving it, except 51% that is pre-rooting.

The survey also set the 50/30/20 budget rule on the test; A rule where 50% of your check should go into need, 30% should go to desires and 20% should go into savings.

The results found that the average respondent sets most of their funds, 64%, towards “needs” such as food, bills and housing.

Only an average of 16% is dedicated to “desires” or something fun, and only 16% is inserted into savings.

More than half (56%) showed that less than 10% of their salary goes into savings and 23% could not remember the last time they were able to capture 20% of their income in their savings, while the budget goes.

Only 20% of Americans do not end money or have to live with a narrow budget in the days that lead to their salaries.

But for those who do, 62%fight to allow groceries, pay large and small bills (as 30%) or even medications (16%) and credit payments (16%).

Nearly two in five (39%) will turn to a side man when they need additional funds, while others rely on their family (31%) or credit card (28%). However, this leaves 14% completely unattended.

“The results found that only 5% of the responses can return to their bank to transfer their check early, while even less (4%) can turn to their employer for early salary,” said Enterin’s spokesman. “In today’s world, employees do not have to wait days to enter the money they have already earned. People deserve financial solutions that offer faster access to their salary – without imagining where they banish – so that they can manage their money with their conditions, not in their bank schedule.”

Although so few Americans are able to rely on their bank for early salary access, the average person has been with their bank for nine years, while 14% estimate it was between 19 and 20 years.

More than half (57%) attribute this banking loyalty due to the fact that they are simple comfortable with them.

Only 20% show that they stay with their bank because they are able to enter their check faster.

If the Americans surveyed, would you be able to get their salary up to two days ago, just over a third (34%) would be able to pay bills in time, while 29% said they would feel less stressed for finances in general.

Almost one in five (19%) will be able to pay rent in time or even put more money in savings (15%).

In general, 56% would feel financially secure if they were able to get their check up to two days before it usually deducted to their account.