> Admiral wrote:
>> I "get" the whole no interest free loans thing...but why do people care so much?
>> If everyone invested this extra money for themselves, that would be one thing.
>> overall, I don't see getting money back at tax time a BAD thing really...even
>> it's the govt holding it for you.
> ^ This. The reality is that, for many Americans, this forced payment is the ONLY
> real savings that they do all year.
> Most of them do NOT put that extra per-paycheck during hte year into an investment.
> So, it doesn't do them any good and they are, in fact, probably WORSE off by not
> giving that "interest-free loan" to the government for the year and then getting
> it back as a refund.
> It's a sad situation, but it really is probably "for the best." Now they just need
> to take the refund and dump it into a Roth IRA or something -- instead of going "Sweet!
> Got my refund! Time to blow it on a new 4K TV with HDR because the one I spent
> my refund on last year was only 4K, but without HDR!"
Yeah I used to be really bad about blowing the Refund. Seems like one year it was NEW PC, then NEW TV, then NEW GPU, then NEW CONSOLE!
I put maybe half of the extra i get in each check into savings for the rainy day fund. If it ever hits $10,000 where I want it to be, then I'll go back to enjoying it.