Money Matters: Stop Giving Uncle Sam a Free Loan!
Are you done with your taxes? Did you send them in early and get a huge refund! I bet you thought to yourself how great it was to get all that money back.
Here’s the problem. if that happened, you are giving too much to the Federal Government during the year. Rather than taking home more in your own paycheck and putting it to good use for yourself, like maybe into savings, CD’s or a money market, you are giving more money to Uncle Sam to spend during the year and then having the same amount returned to you interest free!
Listen to this podcast from our friends at Practical Money Matters and take away a few tips to take home more money each paycheck and stop loaning that cash to D.C.
- Don’t Lend Uncle Sam Money at Tax Time (smartmoney.com)
- Taxes Done? Time for a Financial Tuneup (turbotax.intuit.com)
- What are doing with your tax refund? (dontmesswithtaxes.typepad.com)
- Check Your Tax Withholding For a Bigger Paycheck (financialplan.about.com)