MANY PEOPLE LIKE THE "forced savings account" method.

Feb 14, 2015
1:18:17pm

BYUCPA

They can't save well. They spend any extra money they might save at McDonald's or Chile's or Walmartor wherever. They like the large refund to be able to fund a home repair, vacation, or savings.

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BYUCPA

Bio page: BYUCPA
Joined: Jan 8, 2003
Last login: May 22, 2024
Total posts: 3,628 (0 FO)

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Messages

Author

Time

Dang. Only got 200$ back on taxes.

conetah

2/14/15 12:35pm

Sounds like you won

KingDave

2/14/15 12:37pm

I guess that is a good way to look at it.

conetah

2/14/15 12:56pm

I owe 30k

thebruce

2/14/15 1:03pm

I can't wait til the day I owe that much.

IGlowInTheDark

2/14/15 1:18pm

don't pay your taxes for a few years and it will come very soon.

thebruce

2/14/15 1:22pm

Good job

workindev

2/14/15 12:39pm

Getting money back from the gov't is like giving them an interest free loan

MapCoug

2/14/15 12:47pm

except for the guys who get free money for not really working very hard.

Zaphod

2/14/15 12:50pm

Good point - and there are a lot of people like that

MapCoug

2/14/15 12:53pm

the better way to look at it is I had to spend x on taxes this year...

vacougfan

2/14/15 1:14pm

I had to pay $21.00. It was weird.

Slim

2/14/15 1:16pm

MANY PEOPLE LIKE THE "forced savings account" method.

BYUCPA

2/14/15 1:18pm

Of course that method makes no economic sense.

garyfan

2/14/15 4:00pm

There is an economic theory about that.

conetah

2/14/15 4:36pm

That's one explanation for it.

garyfan

2/14/15 4:47pm

One of the things people are figuring in economics

conetah

2/14/15 5:02pm

You aren't disciplined enough to set up an automatic savings account?

workindev

2/14/15 5:25pm

How do I know how much my refund will be before tax season?

conetah

2/14/15 5:33pm

You could always pray about it. Either that or use one of the many tax

workindev

2/14/15 5:46pm

Exactly. Which is why a lack of discipline isn't the reason people do it.

garyfan

2/14/15 6:12pm

Of course, most tax refunds aren't spent all that wisely either

workindev

2/14/15 5:30pm

also, many people voted for Obama.

yahtzee

2/14/15 6:41pm

And TurboTax is wanting to charge me 74 dollars when I thought I was in there

conetah

2/14/15 1:29pm

They're very good at doing that.

IGlowInTheDark

2/14/15 1:33pm

taxhawk.com

vacougfan

2/14/15 1:37pm

Did you forget to include that Rolex you donated to DI this year

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