Understand Your Paycheck (What Are The Deductions On Your Pay Stub)

Do you understand your paycheck? What about all of those deductions, numbers and benefits you’re getting?

So many of us receive our paycheck week-after-week, but never take the time to actually look at our paycheck to understand it. The main thing you probably notice is just how much of your salary doesn’t end up in your bank account each week. So where does all your money go?

It could possibly be going to taxes, but there are other deductions that could be reducing the size of your net pay. You could be receiving deductions for a retirement account, health insurance plan or somewhere else.

By better understanding your pay stub then you will have a better picture of where your money is actually going and perhaps, how to keep more of it.

To learn how to better understand your paycheck then make sure to watch today’s video. You can watch it online or down below:

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Now you should have a better understanding of your pay stub. Take a second to make sure your name is spelled right, your address is correct and then spend a few minutes reviewing everything we talked about in the video above.