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Assuming we go over the cliff on 12/31, most wage-earners will see a paycheck about 5% lighter. Will you save less money, spend less on restaurant/bar tabs, etc?
My investing will decrease noticeably, not that it was really high to begin with.
I will buy less expensive wine.
No more double meat at Chipotle.
Travel. Not likely to repeat last year with trips to Spain, Belgium, France, Brazil, Chile, and Argentina.
Easist place to cut 5% is grocery bill.
Eat breakfast at home and bring lunch every day. I just updated my 401(K) contributions to catch the higher maximums for 2013. Might wait until April 14 to fully fund my 2012 IRA though.
what the hell my user name changed. My IMS identity has been compromised. Thanks B&B!
I need to get Jeff's recipe for water sandwiches
Will the reduced paycheck thing happen automatically, or do people need to adjust their withholding amount?
I work for the Government, will my pay go up?
It will happen automatically, but the new tax rates will take a few pay periods to get going and then they will have to adjust it for the reduced number of periods.
File it under "The Year of Doing Everything Before Having Kids"
Workers probably won't feel the full brunt of next year's tax increases in their January paychecks, but don't be fooled by the temporary reprieve.
Continue cutting back on eating out. Should be interesting to see what happens to the local economy in the DMV when these cuts take place.
Lets not get crazy here.
You ain't kidding. My trip to Prague in the summer is probably off. (not really)
This post was edited by lazy 19 months ago
Can't wait for the June/July budget deficit numbers to come out and showing the number continuing to go up even with the revenue windfall.
Continue our cutback on eating out. It'll go from what it is now to basically non-existent.
We're not giving up traveling/vacations/etc
This post was edited by strago 19 months ago
save less, this sucks, all these articles to me just sound like "omar's commin"
Definitely cut back on eating out and stop paying extra on my student loans, car loan, and mortgage.
This post was edited by PantsEnFuego 19 months ago
I really need to make an effort on this.
cut tips to service workers. left wing version of trickle down economics
NYCTerp is now OCTerp
Actually, I'll probably end up going out to eat more. I have a company meal allowance that I rarely use.
10% cut accross the board for my doormen. Everyone needs to feel the pain
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