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By Sandy Fitzgerald
These days, there's just one thing on most people's minds – money.
We want to know how to spend it, how to save it and most of all, how to make more of it.
Unfortunately, with the national economy in a downward spiral that isn't going to end very soon, the days of regular pay raises seem to be over.
Or are they?
Even those of us who are blessed enough to have a decent job often find ourselves needing a little extra green now and then. Whether you are wanting a little extra money to pay a bill, buy groceries, or if it's just to give yourself a little bit of a rainy-day fund, here are some ideas:
Do you have children? Visit www.irs.gov to see if you qualify for Earned Income Credit. That's a tax refund for people who have children and who fall within a certain income range – which, actually, is higher than you might think it would be. You can wait until income tax time and get all of your credit at once, but do you really want to wait that long? Because you can also visit your payroll clerk at work and sign up for advanced earned income credit, and be drawing that money bit-by-bit, all year long. If you don't need the money right away, you can bank it and draw interest on it. Either way, you're getting the all-year use of that tax credit.
And speaking of income taxes, how many deductions are you claiming? Here's how it works. If you claim all the deductions you are entitled to claim, less money will be withheld for taxes from your paycheck. If you claim fewer, deductions, more money will be paid to the government in taxes. It all depends – do you want to wait for your income tax refund at the end of the year and get that money back all in one large sum, or do you want to keep that tax money and get it gradually through the year?
Check with your company and see if it has a 401K program, and if it matches your contributions after you put in a certain amount. If your company offers matching contributions, find out how much you have to put in to earn those contributions. If you pass that opportunity up, you're passing up free money.
Take a look at your health insurance coverage. It's great to have the most and best you can afford, but do you really use every service it offers? If there are services you'll never use (such as OB/GYN if you're a man) and you can opt out of paying for insurance coverage for those services, that's money back in your wallet, not adding to the coffers of your insurance company.
Can you join a credit union through your workplace, or one in the community, so long as you meet the membership criteria? You might want to consider them for your banking needs. If you need a loan, the rates are typically better; if you need other banking services, their rates are very competitive.
If you live in the city, are you driving your own car to get to work? Why? Consider a transit pass and put those costs for tolls and parking fees in your pocket. With parking fees in cities starting at $10 and up, you'll spend much less on your transportation pass – and you'll be helping the environment.
Quit going out to lunch. Even if you only spend an average of $5 a day for lunch, that's $20 a week or almost $100 a month back in your pocket. Unless you're having a business meeting, there's no shame in brown-bagging these days. It's healthier and costs way less.
Do you have any good tips for putting your work money back into your pockets? Share them with us!
What else can I help you with?
What is the difference between a cost of living raise and a regular pay raise?
A cost of living raise is based on the cost of living. A regular pay raise is not.Another Answer:Regular pay is how much you get paid regularly. If you get a "regular" raise, that means that you have been doing well in the firm and you earned the money. If Cost Of Living raises that means what it says, the cost of living has raised. This way, it does not mean that you deserve a raise, just that you need one because of expenses.
How do you raise your credit score fast?
The best way to quickly raise your credit score is to pay off all debts. Another thing that will help it to not drop is to pay debts on time.
Can you pay yourself on PayPal?
Yes, you can pay yourself on PayPal by transferring money from one of your linked accounts to your PayPal account.
Can you pay yourself using PayPal?
Yes, you can pay yourself using PayPal by transferring money from your PayPal account to your linked bank account.
How can you pay yourself with PayPal?
To pay yourself with PayPal, you can transfer money from your PayPal account to your linked bank account or request a check from PayPal.
Can the house of representatives give itself a pay raise?
Yes they can. In l989 they passed a a secret referendum to give themselves an annual pay raise whether they voted on it or not, it is automatic.
What is the passive sentence of 'the boss is going to give us a pay raise'?
"Is going" is passive. Forms of the verb "be", which are "is, are, was, were, has, have, had" are helping passive verbs. Instead, use strong active verbs.The boss plans to give us a pay raise.The boss intends to give us a pay raise.The boss decided to give us a pay raise.
Elected members of a representative democracy vote to give themselves a pay raise?
It is a questionable policy to allow elected members of a representative democracy to vote to give themselves a pay raise. In the United States the current rule is that the pay raise cannot be enacted until the following term.
Is 'Elected members of a representative democracy vote to give themselves a pay raise' legitimate or illegitimate?
It is illegitimate. They should make other people decide whether they need a pay raise.
Does an employer have to pay retro on an annual raise?
The raise is only for your future work. If I give you a raise today, I won't be making it retro back to July, or a past date.
Can you give us free premium member please?
no. you have to pay for it yourself.
Can you use convince in a sentence?
His wife said to him to try to convince his boss to give him a pay raise.
You Work by yourself at shop for 13.50 and service 12 vehicles a month as mechanic newbies that work part time lower 48 get 16-18 what can you do to get pay raise Any Laws or anything?
There are no laws requiring your employer to give you a raise or to pay new employees less than old ones. As long as your lower pay is not based on illegal discrimination, it is legal. If you feel that you are worth more money, you should ask for a raise or start looking for other employment.
NBA prize money?
there is no NBA prize money bu the team may give you a pay raise.
Members of congress may give themselves a pay raise during the current session of congress?
False
Members of Congress may give themselves a pay raise during the current session of Congress.?
False
What does PYF means?
pay as yourself first pay as yourself first pay as yourself first pay as yourself first
