How to get more money in your paycheck without working more!
All of us would like to bring home more money for the work we do. I discovered an easy, legal and simple way to boost your paycheck, without taking more overtime! If you want to learn what I learned, keep reading.
Back before I learned this method, I was missing out on several hundred dollars every month! I look back now and wonder how much more I could have invested, how much faster I could have paid down my debt, how much more I could have saved for trips and ‘toys.’
What I found out was that I was loaning the Federal Government hundreds of dollars a month at 0% interest! I bet that you are doing the same thing. How do I know?
Almost everyone that I’ve talked to over the years gets a hefty tax refund this time of year. They look forward to it. They are happy that they get a huge check.
What they don’t realize is that it’s not free money, but money that they overpaid to the IRS! And like I used to do, they tend to blow most, if not all, of it on spontaneous unplanned spending.
Wouldn’t you rather be able to use that money as you earned it? Or at least put it in a savings account to earn some interest? What financial goals are you working towards now, that having this additional income would help you achieve?
Now for the action part. There are many W-4 calculators online, including the official IRS one; you can even ask your HR department or CPA for assistance. Once you have calculated your new withholding amount, fill out a new W-4 and submit it to your HR department.
The goal is to have as small a refund as possible ($100-200) without owing anything.
So, how much more will you get out of your next paycheck? Encourage others with your results!