Personal Finance News Tuesday 1/15

Phil's Personal Finance Tip of the Day:

Paychecks Decrease 2%: What Happened to My Money?

From Dave Ramsey.com

The new year arrived, goals were set, and financial aspirations were locked as you set out to take advantage of your greatest wealth-building tool: your income.

That is, until you heard the news. Your salary just got cut by 2%.

When you finally got your hands on that first paycheck, you no doubt registered one of three emotions: anger, confusion or ignorant bliss. Well, we’re here to clear things up with straight facts about the recent tax change and what it means for you and your family.

 

The Basics

As the so-called “fiscal cliff” deal came to a close, many Americans were relieved to learn that Congress extended income tax breaks on individuals earning less than $400,000 per year. It sounded like the average person wouldn’t be affected.

To read the entire article from Dave Ramsey.com:
http://www.daveramsey.com/blog/paychecks-decrease-2-percent?et_cid=2309095&et_rid=0&linkid=paycheck+decrease+text+link

Inspirational Quotes@Inspire_Us from Twitter:
Empty pockets never held anyone back. Only empty heads and empty hearts can do that. - Norman Vincent Peale

Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com/