Stop Throwing Away Your Tax Refund!

Tax time is just around the corner. Are you getting a big refund this year? Well if you are, you are THROWING AWAY BIG MONEY! CHANGE YOUR EXEMPTIONS ON YOUR W-. This is not the number of your dependents but the number of your exemptions! If you are getting a BIG tax refund every year, you may love getting that check; however, you are actually giving the Government your money interest- free for a year. This is not a wise use of money . The IRS stated, back in , that the Average tax refund check was almost $,!!! That is almost $ per month ($ X Months) that is given to the IRS INTEREST FREE!!! If you are getting a tax refund check of more than $, you need to consider changing your exemptions. Feel free to send me any of your extra money. I will keep it for you until next year and NOT pay you any interest. For example, if you got a $ Tax refund last year (or plan on getting one this year), that is $ a month extra in taxes that you paid last year. You earned no interest on it. If you want to, you can send me that $ and I will keep it for you and a year from now send you the $ back. That $ could save you $'s of dollars in interest NOT paid if you applied it to your Mortgage. Consider a person who has a year mortgage on a $, mortgage x %. If he or she made just extra payment of $, they would save over $, in interest! Talk about return on their money!! That $ could easily be paid by saving $ a month for months. $ payments vs. $, OF NOT HAVING TO PAY IN FUTURE INTEREST. THAT IS OVER % RETURN ON YOUR MONEY!!! It is hard to find a better return than that. Change your Exemptions at your job. Exemptions and Dependents are NOT THE SAME THING! The same person who is getting a $ tax refund is earning No interest from the Government. However, he or she could save $-, in interest on that same money!! This is how the middle class person gets AHEAD by USING HIS/HER MONEY CORRECTLY. Try and make it so your tax refund is not more than a couple hundred dollars at the most.