Tax Refunds: the Bigger the Better
Academics, finance professionals, actuaries, daytime talk show hosts, and many others disagree with me - they believe tax refunds are bad and they let me know loud and often. Many of them think a tax refund is bad because it means you made the government an interest free loan when you could have been using the money. Nevertheless, I'm a realist and most people aren't budgeting the way they should and they definitely aren't saving the way, or as much as, they should. Therefore, I maintain tax refunds are a great thing and are an alternate method of budgeting and saving for a majority of Americans.
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