Too Much Taken Out

Rita's getting too much taken out and needs to change her tax forms in order to keep more money each month to pay off debt.

QUESTION: Rita filed bankruptcy four years ago. After that, she ran up almost $1,000 in credit card debt and bought a house with an adjustable rate mortgage. She owes $2,500 on her car and gets $5,000 back on her taxes. She makes $68,000 a year. What can she do?

ANSWER: Get on a written game plan. You haven’t done that before, because there is huge room for improvement for you here. Change your W4 tax form so you keep more of your money each month and don’t send it all to the government. Then make a budget and spend every dollar you make on paper before the month begins. Stop letting your money situation happen to you and start happening to it.