How I Distribute My Paycheck
This is my first paycheck update. To learn a little more about what all the secret codes mean on your paycheck refer to this recent post.
I am going to list the full amount of my paycheck and break down where each portion goes. Since I am in loan repayment mode I am sending a good chunk toward my student loans every 2 weeks.
I always maximize my tax-deferred accounts because it lowers my taxable income thereby decreasing my tax burden.