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| <anonymous[at]discussions.microsoft.com> wrote in message news:021301c48e0d$af2038a0$3501280a[at]phx.gbl... - quote - > All,
We all have that amount of money available, but we're obligated to spend a> maybe I'm missing something, but why does my gross salary > show up in my budget. Off course I wish I had this amount > of money available monthly but I think none of us > has ... :-( > many thanks in advance for helping a newbie ... > BTW: in 'Bills & Deposits' the correct amount is displayed lot of it on taxes and so-forth, either weekly, or the following year with our tax returns. If the Tax Estimator (and your past tax return history) indicates over-withholding, you can file a new W4 to get some of that back in your monthly budget. By having all income and expenses, including obligatory expenses such as taxes, in one's budget, it's easier to see the benefits of increasing one's pre-tax retirement contributions, funding a medical or childcare spending account with pre-tax dollars, keeping one's mortgage and deducting the interest from one's taxable income, etc. As long as all your income appears on the first page, and all your taxes appear on the second page, the budget should balance out as though it were using your net pay. -- Scott Tyler agent_scotty-at-hotmail-dot-com |
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| All, maybe I'm missing something, but why does my gross salary show up in my budget. Off course I wish I had this amount of money available monthly but I think none of us has ... :-( many thanks in advance for helping a newbie ... BTW: in 'Bills & Deposits' the correct amount is displayed |
| Tags |
| budget, gross, net |
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