Originally Posted by
ptquilts
I just want to say, if you are getting enough money refunded to buy a fridge or bed, remember you have basically LOANED this money to Uncle Sam at ZERO percent interest for the last year.
Unless you think of this as a forced savings plan, I hope you will plan to get LESS of a refund next year and keep more of YOUR money in YOUR pocket.
I always hear people saying "Woohoo, I got a big refund" like it is free money from the gov't. It is not, it is YOUR money!!
I agree 100%. However, for some, it is like a savings account too. They plan their purchases and trips after tax refund hits the mailbox. They would have spent it during the year, perhaps on going out to eat more or spending for all the WANTS at the local retailers after payday . Getting the refund, they have the down payment on a vehicle, toward a house or vacation, or pay some big bills that accrued during the year. In a sense, it works both ways. We don't do it, but for some you can never convince them to do otherwise.