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Old 12-30-2012, 01:24 PM
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fskof fskof is offline
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Quote:
Originally Posted by JimN View Post
While I can understand someone using a large refund as a kind of saving plan, it's not great money management WRT making enough to live on, IMO. They could have changed their exemption to allow getting the money through the year to use and making sure they maximize their deductions to ensure that they won't have to pay at tax time.
Quote:
Originally Posted by Ben View Post
Agree, but I think you are over assuming the ability / comprehension of many. Another place we have failed to educate or others have failed to become involved themselves vs relying on others --> the concept isn't hard and involves very simple math, yet I'm sure many would give you a deer in the headlights face if you tried to explain....

I agree with both of you but I do know people that depend on that tax return to help pay x-mas bills or property taxes. Not the best finacial planning but for some its all they have.
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