Erin Doherty About Me Page at Helium

No bio available

Personal Finance > Financial Planning Tips on how to manage money when you get a raise: 2 of 2

A raise can be a boon to your household finances. Although it is tempting to immediately spend the entire raise on a new car, handbag, laptop, or gadget, there are several considerations that should be addressed before you splurge. The first thing you should do if you get a significant raise is check your tax situation. There are some instances when the raise pushes your income into the next tax bracket. Most employers will automatically adjust your withholding, but if you are already claiming zero exemptions, you may need to have an additional amount withheld in order to avoid penalties. ...
More..