Comments on: Giving Uncle Sam an Interest-Free Loan Costs More Than You Think http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/ A productivity focused guide to maximizing the money you have to obtain more of what you want. Mon, 06 Sep 2010 03:49:43 +0000 hourly 1 http://wordpress.org/?v=3.0 By: TheyCallMeCheap http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-627 TheyCallMeCheap Mon, 14 Dec 2009 05:24:55 +0000 http://youhavemorethanyouthink.org/?p=835#comment-627 Thanks for the kind words, Deb! People love big tax refunds. It's so hard to convince them to take hold of and control their money throughout the year. Uncle Sam will have plenty of time of mismanage my tax dollars. I'm sure as heck not going to loan them to him without charging for the privilege. Thanks for the kind words, Deb! People love big tax refunds. It's so hard to convince them to take hold of and control their money throughout the year. Uncle Sam will have plenty of time of mismanage my tax dollars. I'm sure as heck not going to loan them to him without charging for the privilege.

]]> By: Deb http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-622 Deb Fri, 11 Dec 2009 20:55:04 +0000 http://youhavemorethanyouthink.org/?p=835#comment-622 Well darn it, in spite of increased withholdings, I got a huge tax refund this year. I mean HUGE. And I filed late, which means I lent that $$ to Uncle Sam interest free for even longer than I should have! I know most people would be thrilled with a big return - my mom said "It's forced savings, how can you lose?". I lose because I don't need Uncle Sam to force me to save, I could have saved that $$ all year long with earned interest in my own pocket. Time to readjust! Hey, girl, your blog is great - keep up the good work! And keep smiling that beautiful smile of yours. Well darn it, in spite of increased withholdings, I got a huge tax refund this year. I mean HUGE. And I filed late, which means I lent that $$ to Uncle Sam interest free for even longer than I should have! I know most people would be thrilled with a big return – my mom said "It's forced savings, how can you lose?".

I lose because I don't need Uncle Sam to force me to save, I could have saved that $$ all year long with earned interest in my own pocket. Time to readjust!

Hey, girl, your blog is great – keep up the good work! And keep smiling that beautiful smile of yours.

]]> By: hustler http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-183 hustler Mon, 17 Aug 2009 09:02:31 +0000 http://youhavemorethanyouthink.org/?p=835#comment-183 Last year I recieved a rather large tax refund and immediately changed my w-4. Hopefully this year I'll come out even. Like Deb, I'd rather put it towards my roth IRA. Last year I recieved a rather large tax refund and immediately changed my w-4. Hopefully this year I’ll come out even. Like Deb, I’d rather put it towards my roth IRA.

]]> By: Torrey http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-177 Torrey Fri, 14 Aug 2009 22:21:57 +0000 http://youhavemorethanyouthink.org/?p=835#comment-177 I am right with you on this. I don't know how many people I have helped budget and asking them to adjust withholding is like asking to sacrifice a child. They mistake a refund as a bonus! I am right with you on this. I don’t know how many people I have helped budget and asking them to adjust withholding is like asking to sacrifice a child. They mistake a refund as a bonus!

]]> By: Shawanda Greene http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-175 Shawanda Greene Fri, 14 Aug 2009 03:43:29 +0000 http://youhavemorethanyouthink.org/?p=835#comment-175 Deb! Glad to see you back. I thought about the whole dollar cost averaging thing. Seems like you minimize your risk of missing out on upswings in the market if you invest consistently throughout the year. Deb! Glad to see you back. I thought about the whole dollar cost averaging thing. Seems like you minimize your risk of missing out on upswings in the market if you invest consistently throughout the year.

]]> By: Shawanda Greene http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-174 Shawanda Greene Fri, 14 Aug 2009 03:40:57 +0000 http://youhavemorethanyouthink.org/?p=835#comment-174 Thank you, Brad. It's hard to change people's minds. I'll take my money as earn it. Thank you, Brad. It’s hard to change people’s minds. I’ll take my money as earn it.

]]> By: Deb http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-169 Deb Wed, 12 Aug 2009 02:00:50 +0000 http://youhavemorethanyouthink.org/?p=835#comment-169 Right on, woman! I was in that group of unenlightened folks at one time - I was so happy to get nearly $3K back every year. Couldn't wait to send my return in, checked the mailbox eagerly.....and then, one day....... the lightbulb went on. 'Huh....say WHAT!? I could be maxing out my darned Roth IRA via dollar cost averaging every month , rather than giving an interest free loan to dear Uncle Sam!? Oh please, that's a no brainer!' Right on, woman! I was in that group of unenlightened folks at one time – I was so happy to get nearly $3K back every year. Couldn’t wait to send my return in, checked the mailbox eagerly…..and then, one day……. the lightbulb went on. ‘Huh….say WHAT!? I could be maxing out my darned Roth IRA via dollar cost averaging every month , rather than giving an interest free loan to dear Uncle Sam!? Oh please, that’s a no brainer!’

]]> By: Brad http://youhavemorethanyouthink.org/giving-uncle-sam-an-interest-free-loan-costs-more-than-you-think/comment-page-1/#comment-167 Brad Wed, 12 Aug 2009 01:15:18 +0000 http://youhavemorethanyouthink.org/?p=835#comment-167 This article is great! I have tried to talk my friends into not giving the Government interest free loans and I get the same reaction you did. People are so programmed these days. People do not like change and will continue to do the same stuff over and over again, all while complaining about the results. For this argument people complain about not having enough money or needing a raise, yet they could get more of their own money but choose not to. This article is great! I have tried to talk my friends into not giving the Government interest free loans and I get the same reaction you did. People are so programmed these days. People do not like change and will continue to do the same stuff over and over again, all while complaining about the results. For this argument people complain about not having enough money or needing a raise, yet they could get more of their own money but choose not to.

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