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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: It's time. Date:  2/15/2019  7:38 PM
Author:  aj485 Number:  312487 of 312956

Tax refund, which landed in the bank today after pay day "dues" went out.

If your refund was at least 4 figures, and you don't anticipate your tax situation changing much from 2018 to 2019, I would encourage you to adjust your withholdings using the IRS withholding calculator and dedicate the extra money each paycheck toward your snowball, along with the dedicated money from reducing your retirement contributions.

March is a three paycheck month.

Be cautious in spending the 3rd paycheck in March all on debt, even though it seems like it's 'extra'. Most people have to go through an entire 6 month cycle for that paycheck to truly be 'extra' and you've only been doing this about a month.

The first paycheck in April won't come until April 12. If you have bills that, for instance, are due on April 10th, they will need to come out of the March paycheck.

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