Tax Time

According to some game show I accidentally saw yesterday (so you know it's accurate), more Americans get a refund at tax time than have to pay. While that may sound good (who doesn't like to get money in the mail), it indicates that most Americans don't really understand how money works.

Paying too much in taxes does not help you financially. It allows the government the chance to hold your money (for months even) at no interest. This is good for the government, not so good for you. While you may get a windfall back, this was money you could have had working for you all along.

The game show did not say but I suspect most Americans also blow their tax money. You'd be better off using it to pay off some debt. If you don't have any debt or have more tax refund than debt, how about savings?

Sounds unamerican, doesn't it?