The Complete Guide to Earning Money

You work hard for your money, so it’s important to know exactly how much you’re earning. April is Financial Literacy Month, making now a great time to take a closer look at your paycheck.

Make More: 22 Side Gigs That Can Make You Richer Than a Full-Time Job
Find Out: The Minimum Salary You Need To Be Happy in Every State

Earning is one of the five key principles of financial literacy — along with saving and investing, spending, borrowing and protecting — according to the Financial Literacy and Education Commission. In fact, you can’t save and invest, spend or protect your money until you earn it — and in most cases, borrow money, unless you have a source of income — making it a central focus.

As of February 2022, 60% of the U.S. population is employed, according to seasonally adjusted data from the Bureau of Labor Statistics. That same month, seasonally adjusted earnings for all employees on private nonfarm payrolls averaged $1,095.83 per week.

Clearly, plenty of people are earning regular paychecks, but that doesn’t mean they know exactly how much they’re taking home. It’s important to understand this number, so you can create a budget that supports your financial goals.

Make Your Money Work Better for You

Want to learn more about the state of your earnings and how to make more? GOBankingRates offers plenty of guidance to help you get started.

Here’s a guide on what you need to know about earning:

More From GOBankingRates

Share this article:

Make Your Money Work Better for You

About the Author

Jennifer Taylor is a West Coast-based freelance writer with more than a decade of experience writing about anything and everything. Since earning her MBA, personal finance has been her favorite topic, as she’s passionate about writing stories that educate, inform and empower. Specifically, she specializes in budgeting, debt repayment, savings and retirement.
Learn More