Of course that method makes no economic sense.

Feb 14, 2015
4:00:21pm

garyfan

But there is a very real non-economic component to personal finance. I don't think people who do this are necessarily irrational. And it's not just about being bad at saving money on your own.

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garyfan

Bio page: garyfan
Joined: Sep 19, 2013
Last login: May 24, 2024
Total posts: 37,780 (3,880 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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