Tax Money

05.03.10 / Money Matters / Author: Anna
Tags: LCD TV, save money, spend money, tax money, tax refund

This is the season for taxes. To some, this is a great time of year, and to others, it is a much dreaded time.

Now for the ones that this is a great time, what and how do you decide on what to spend your refund on? There are so many things that try to get our attention as far as what to buy.

One of the most common that I have seen lately is car lots. The companies tell you to bring in your W-2 and your refund is your down payment. But I have to ask, is it a smart thing to put yourself in further debt unnecessarily? Now if you need a vehicle, then by all means, go for it, but if it is more of a want than a need, then you may want to weigh your options a little more closely.

A few of the others that seem to be very popular are LCD TVs, iPods, laptops, and gaming systems, just to name a few.

I want to present a question however. What about, instead of spending the money, you save the money? Find an account that you can put the money in that will grow for you.

If you are the type of person that when you get a little extra money, it ‘burns a hole’ in your pocket, then maybe you need to rethink how you spend your money. Take this opportunity with you taxes to get a good head start with saving money. Then you would have a comfortable place to carry on from for the rest of the year.