Yes, it can be a way to help you get out of debt. I have used it and still use it today. If you get a tax refund every year, you should consider doing this. Have your payroll department increase your personal deductions, which is perfectly alright to do. You can raise from one to two or three and so on. Most employers won't let you do more than nine without an explanation of why you are doing so. Increasing your deductions will cause you to have a lower income withholding amount, which in turn will result in a bigger take home paycheck. Instead of giving Uncle Sam an interest free loan, you are now paying yourself first. But be careful you don't increase it too much. You could cause yourself to now owe money to the IRS. Go to the IRS withholding calculator HERE to determine what would be the best amount for you to withhold.
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