I was having a hard time keeping up with everything, so the Friday blog highlights went on the wayside for a while. Now that I am a user of Bloglines.com and I’ve subscribed to my favorite bloggers, I can now see an article that I like and save it for later. It’s so wonderful 
First off, there’s an interesting read over at Mighty Bargain Hunter asking if you Budget Using the Force. I’ve never heard of the force method, but it turns out that is how I was budgeting. I’ve been trying the formal budgeting technique lately, but I find myself going back to the Force way of doing things (to a point). I’m still experimenting with budgeting and I think I will be posting soon on how I budget and some good alternatives to the way I do things.
Over at Generation X Finance, Jeremy has a post about Reviewing Your W-4 Exemptions. That’s always a great thing to do if your income changes during the year. I tend to overwithhold, because I do not want to be scrambling come tax time to pay the IRS money. One thing I’ll add here is that if you currently receive the Earned Income Credit on your taxes, you may be able to get that credit to you spread throughout the year instead of in a lump sum at the end of the year. We did that one year when things were tight and it really helped. For more info on that, here’s a link to the 2007 W-5 form. The W-5 form is what you will fill out and give to your employer.
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Posted: January 5th, 2007 at 2:32 pm
According to that description, I budget using the Force. That’s kinda cool.
I might try the formal budgeting technique after I’m done paying the credit cards and can look at things differently, but for now the Force works just fine.