The “Where Did My Paycheck Go?” Challenge
Your paycheck (or pay stub) arrives and you give it a good look and tuck it away, safe in the knowledge that this month your mortgage (or rent) will be paid and you will have enough for groceries, the cable bill, a night on the town ...
You depend on your paycheck to pay for all these things—and more. So if suddenly you were unable to work due to an illness or injury, it’s important to know that you would have a source of replacement income to tide you over until you were able to return to work. That’s where disability insurance comes in. Think of it as insurance for your paycheck.
How to Enter
It makes sense to challenge yourself from time to time to take a closer look at your spending habits and see exactly where all your hard-earned money goes. You may think you know how your paycheck “disappears,” but actually going through the exercise of putting your expenses in order can show you if your spending is in line with your priorities.
The U.S. Department of Labor tracks consumer-spending behavior and below we’ve listed the top seven categories of expenditures. Put them in order from the one that you spend the most money on, to the one that you spend the least on—and click enter! You can then see how your spending pattern compares to that of the average consumer.
Win a “Bonus Paycheck”
Everyone who submits an eligible entry (read the rules for eligibility criteria
here ) will be automatically entered to win a $1,000 American Express gift card. Think of it as a bonus paycheck for having accepted the challenge of thinking about all of the places where your money goes, and how disability insurance can “protect your paycheck” in the event of a disabling illness or injury. The winner will be selected in a random drawing to take place on or about June 15, 2010. There is no cost to participate.
