Single mom living beyound her means...
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Single mom living beyound her means...
| Mon, 11-03-2008 - 1:26pm |
Again, for a third or fourth year in a row i'm at a
| Mon, 11-03-2008 - 1:26pm |
Again, for a third or fourth year in a row i'm at a
If you get a large tax return each year, then you are over-contributing to taxes - giving the government an interest-free loan, while you use cc's and pay high interest just to get by.
I would look into changing your current payroll deduction to more accurately reflect what you should be paying in taxes so that you have that money to live on throughout the year.
Danni
cl-phocid, Debt Support Group
All my best,
Danni
Hi,
I don't have much advice but I wanted you to know that I've been there. I divorced five years ago, and until I got married again this past spring, I had not taken in more than I had spent in a single month! I survived on various windfalls, tax returns, and support payments from my ex. I am recovering from being $27,000 in debt.
If you spell out what recurring bills you have and for how much, some of the great people on this messageboard may be able to help you with particular money saving strategies and tips.
Good luck to you,
Recreating Myself
Thank you.
My tax returns aren't that high.
I hear you.
Thank you!
Thank you.
That's a good idea.
Might be a great idea to sit down when the house is quiet and make a list of all your bills and the interest you are paying on the credit cards and such to really see how much you are going in the hole a month. You might want to post your numbers on here.
One thing you might want to think about You say you get back around 2,000 on your taxes each year. Instead of that 100.00 a month you are putting in the bank I would stop that if you are short on a month. Instead I would take 1200.00 out of your tax refund and put that in a lump sum when the tax refund comes in into the bank. Adding that much to a saving account also ups your interest on a month. You could also use that interest money
Sarah
http://finallyasurveysitethatpays.blogspot.com/
Sarah
http://marilynmonroeshop.info