Now that you’ve looked at your spending habits, (You did, didn’t you? If not I’ll just wait here, go do it now….okay moving on) it’s time to get a raise!
You think I’m going to suggest you go into your boss’ office and demand a raise in this economy? No way!
How would that work for me anyway, since I’m mostly a stay at home parent? Would I go ask my husband for a raise? He’s not the one that pays the bills and spends the majority of the family money (groceries, gas, school stuff, etc.).
Learn more: Family Budgets
How to get a raise:
- Go to the IRS site, and print out this form.
- Use this calculator to help you figure out your deductions. (you’ll need your most recent paystub)
- Take your new W4 into your company’s HR department
This will give you a raise, but it will also reduce the amount of your refund come tax time. (the link for the calculator explains this) Please consult your tax advisor should you have one. If you use TurboTax you can use a worksheet to tell you how many deductions you should take next year based on the amount of your return.
If you are not able to use this tip and get a raise, stay tuned for more ideas on how you can bring home more money.
Learn more: How To Budget