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  #91  
Old 12-30-2012, 10:42 AM
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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.
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....
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Old 12-30-2012, 01:24 PM
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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.
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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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  #93  
Old 12-30-2012, 02:43 PM
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it figures the only thing passed before a "fiscal cliff" is a pay raise
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  #94  
Old 12-30-2012, 02:56 PM
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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.
The refund doesn't coincide with Christmas, but property tax may be paid with the refund if they file early and pay the tax out of pocket instead of escrowing the money. I guess I could see doing that but I would rather be able to use that money through the year.
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Old 12-30-2012, 06:02 PM
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You would be surprised how many people will spend the next eight months paying off there christmas debt because everything was placed on credit.
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Last edited by fskof; 12-30-2012 at 10:37 PM.
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Old 12-30-2012, 07:55 PM
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You would be surprised how many people will spend the next eight months paying off there christmas dept because everything was placed on credit.
Christmas dept...wish I had a Christmas dept under my control. Spelling, a lost skill. Alas, our educational system is at risk -- yet another "entitlement" program threatened.

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  #97  
Old 12-31-2012, 06:04 PM
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  #98  
Old 01-01-2013, 08:37 PM
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Old 01-01-2013, 08:57 PM
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  #100  
Old 01-01-2013, 09:01 PM
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You didn't do that.

Just sayin'.
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