Comments on: How Can I Figure Out How Much I Can Afford to Pay My Credit Cards Each Month? – George http://getoutofdebt.org/5343/how-can-i-figure-out-how-much-i-can-afford-to-pay-my-credit-cards-each-month-george Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Mon, 13 Feb 2012 01:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff Jackson http://getoutofdebt.org/5343/how-can-i-figure-out-how-much-i-can-afford-to-pay-my-credit-cards-each-month-george#comment-6353 Jeff Jackson Tue, 21 Apr 2009 18:22:21 +0000 http://getoutofdebt.org/?p=5343#comment-6353 Nice approach. Here is another place to check for additional funds. How much of a tax refund do you expect this Year? If you consistantly get a tax refund of more than $500, you are letting the IRS keep money that you could use throughout the year, or in Steve's plan, put in a savings account. If you fall into this category, strongly consider seeking qualified tax advice. The object of successful tax planning should not be to increase your refund. It should be to make sure you pay your fair share and not much more. Don't use the IRS as a savings vehicle, it is not. The IRS does not pay interest on the money it holds for you. You cannot withdraw your money when you need it. Good Luck Jeff <abbr><em>Jeff Jacksons last blog post..<a href="http://jjeffjackson.wordpress.com/2009/04/03/debt-consolidation-stories/" rel="nofollow">Debt Consolidation Stories</a></abbr></em> Nice approach. Here is another place to check for additional funds. How much of a tax refund do you expect this Year? If you consistantly get a tax refund of more than $500, you are letting the IRS keep money that you could use throughout the year, or in Steve’s plan, put in a savings account.

If you fall into this category, strongly consider seeking qualified tax advice. The object of successful tax planning should not be to increase your refund. It should be to make sure you pay your fair share and not much more. Don’t use the IRS as a savings vehicle, it is not. The IRS does not pay interest on the money it holds for you. You cannot withdraw your money when you need it.

Good Luck

Jeff

Jeff Jacksons last blog post..Debt Consolidation Stories

]]> By: Trevor http://getoutofdebt.org/5343/how-can-i-figure-out-how-much-i-can-afford-to-pay-my-credit-cards-each-month-george#comment-1475 Trevor Thu, 22 Jan 2009 22:18:21 +0000 http://getoutofdebt.org/?p=5343#comment-1475 Great post. I suppose the key is discipline, desire, and intensity! I've never been in debt like that and hope to never find myself in that type of a spot (especially with interest rates as high as they are!). Thanks for your comments and keep up the good work! :) <abbr><em>Trevors last blog post..<a href="http://www.financialnut.com/5-reasons-to-update-your-personal-finance-budget-every-day/" rel="nofollow">5 Reasons To Update Your Personal Finance Budget Every Day</a></abbr></em> Great post.

I suppose the key is discipline, desire, and intensity! I’ve never been in debt like that and hope to never find myself in that type of a spot (especially with interest rates as high as they are!).

Thanks for your comments and keep up the good work! :)

Trevors last blog post..5 Reasons To Update Your Personal Finance Budget Every Day

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