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How to Find or Create Extra Money, Part 2
The logical place to look for more money is in your line of work. I've determined four ways you can start: negotiate a good package from a new employer, make sure the deduction on your W-4 is keeping money in your pocket, ask for a raise in an existing job, and take advantage of the benefits offered to you by your employer.
Negotiate a Strong Compensation Package
The best time to secure the most dollars from your employer is when you first get hired. That's the point at which you have lots of room to negotiate for a host of perks, including extra vacation time, annual bonuses, stock options, and more. When an employer really wants to bring you on board, you'll also have more leverage in getting a higher starting salary. You obviously want to bargain for the best possible cash compensation. But don't forget to look beyond just your paycheck.
Ask about benefits such as tuition reimbursement plans, and inquire about whether your boss would even pay off your student loans as part of an employment incentive contract to keep you as a loyal employee of the company. Check out CareerJournal.com, from the Wall Street Journal, for lots of free tips and great information on negotiating a winning compensation package.
Get Your Money Up Front
Have you gotten a tax refund check in the past or do you anticipate getting one this year or in the future? Well anytime you get a big refund check from Uncle Sam all that really means is that you have given the government an interest-free loan. So adjust your withholdings at work. Do not get a refund check.
What you have to do is fill out a form called a W-4. You should also get IRS Publication 919, which walks you through the whole process of properly filling out a W-4. It's not overly complicated but this publication spells out in detail the ways in which you can adjust your W-4 at work. What you are going to do, in a nutshell, is increase the number of allowances that you claim on line five of your W-4 form. The goal is to decrease the withholding amount and ultimately receive a bigger paycheck. For those of you who usually get tax refunds, adjusting your W-4 at work will instantly put money in your pocket.
That extra money will immediately get funneled into your paycheck. So let's say you usually get a $2,400 refund, which is close to the average of what many people receive. Well, $2,400 dollars translates into $200 a month that you could be getting right now in your paycheck. If you get paid once every two weeks, expect to see an extra hundred bucks in each paycheck.
Clearly, when you consider ways to make or earn some extra money, put this strategy right at the top of your list.
Article Title : How to Find or Create Extra Money, Part 2
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.