Tax time
You have heard it before I am sure, "How much are you going to get back this year? We are going to use our tax refund for...". It frustrates me when I hear people who brag about how big their tax refund is going to be and what they plan to blow it on. The IRS loves these people though because the government gets to use their money interest free for all that length of time from when it was withheld until they send them their refund. Retailers like auto dealers love these types too even advertising that they can use their anticipated refunds as down payments. It would just take a little bit of discipline to decrease their withholding and take the extra money they get in their paychecks and deposit it into even a simple savings account. This way they could have these funds available to them during the year, and with the interest it earns they could have even more that they could blow, use for buying something they really need, or just to save for the future. I guess that is usually the case, they don’t have the discipline on their own to save and they have to rely on the IRS to be their savings account.
posted by whaaaat! at
10:21 AM
3 Comments:
You sound like an accountant nerd! I like getting money back from Uncle Sam. If the country needs to make a little interest off me then so be it!
By
Anonymous, at 11:58 AM
Heyy, don't you call this guy a nerd. I'm sure he is much smarter than you and has a savings acount and much more than you would ever think about having.
By
Anonymous, at 12:44 AM
Thanks Mom! : )
By
whaaaat!, at 1:24 PM
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