Tax Cuts

The new tax cuts enacted by Congress are already having an impact on our finances. For each of my paychecks, we will get an extra $100 per month and for each of The Husband’s we are going to get about $50 more. Over the course of the year, we are going to be able to keep $2400 more of our money! Unfortunately, we won’t be able to have fun with that money, but we will be able to use it to our advantage!

In our budget, I have already adjusted the payments we will be making to our credit card to reflect this extra. This extra each month should help us to meet our goal of being under $10000 of credit card debt by the end of the year. It will certainly help us to meet our goal of paying a minimum of $605. What this extra money will not help us with is to stop charging on our credit cards. That one is all on me!

People can say what they want about Trump and about the tax cuts, but these cuts are making a big difference in my daily life. I am able to keep more of my money in my pocket. The tax cuts are directly affecting me in my daily life. I appreciate them. I will be completely honest, I don’t understand them. Tax codes are way above my pay grade, but I do understand the deposits being made into my account. I do understand that because of the tax cuts, my paychecks are bigger.

Going forward, I plan to send all the extra monies towards debt. Hopefully it works out well for us.