Tax Refund: Going through an article yesterday, Wow. The article reveals to me the American financial habits status, what a sorry state.
The main issue here is that for so many years now, some I.R.S. refund check was put to display.
Therefore let go to the main business of the day, America is up to their neck in credit card debt.
America outstanding student debt worth over $1.2 trillion and almost 50% of the citizen have no retirement savings account to clear the debt.
Where they get is wrong is spending their extra cash in their wallet on television set in anticipation of the big game coming ahead.
Here’s Why Getting a Big Tax Refund Isn’t So Great After All
And Corporate America milks it.
America faces a lot of temptation to spend huge dollars on things that don’t worth it or that they didn’t need when they get a big tax refund.
There should be discipline even If they wanted it, America should be well discipline to save up for it over a long period of time rather than splurging on it.
Moreover, getting a big tax refund isn’t so great with so many reasons backing it up.
If you get a big tax refund that means that you essentially gave the government an interest-free loan on every paycheck.
You have to wait for a year to get extra money instead of getting that extra money every two weeks.
This is money that would be very useful to you if you put it to work rather than for Uncle Jude.