Comments on: Income Tax Refund: Is It Good or Bad? http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/ True Financial Freedom Wed, 08 Feb 2012 21:15:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: income opp http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-230567 income opp Thu, 29 Sep 2011 02:32:02 +0000 http://onemoneydesign.com/blog/?p=4400#comment-230567 i really believe this is a good way to earn money.great idea in today.s economy. i really believe this is a good way to earn money.great idea in today.s economy.
income opp recently posted..START EARNING OVER $3000 A MONTH FOR LIFE.FREE 7 DAY RISK FREE TRIAL. THEN IT’S ONLY $10 A MONTH.My Profile

]]> By: Best Ways to Save Money - What Do You Think? http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-198226 Best Ways to Save Money - What Do You Think? Sat, 23 Jul 2011 04:48:45 +0000 http://onemoneydesign.com/blog/?p=4400#comment-198226 [...] would say getting a tax refund is a good idea. Do you think a tax refund is good or bad? Well, one argument is getting a large tax refund is a way to create a barrier to your money for the [...] [...] would say getting a tax refund is a good idea. Do you think a tax refund is good or bad? Well, one argument is getting a large tax refund is a way to create a barrier to your money for the [...]

]]> By: Thomas Hill http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-94173 Thomas Hill Tue, 01 Feb 2011 02:58:50 +0000 http://onemoneydesign.com/blog/?p=4400#comment-94173 I'm in the boat this year of figuring out what to for my 2011 withholdings. I'd like to break even if I can, not owe or get anything back. Does anyone know of a good calculator online that helps you determine the right withholdings? My typical situation is married filing jointly with two young children. I'm not going to lie though, this year we are getting a HUGE return (had a new baby last year), and it is going to be nice to pay a big chunk of debt off in one fell swoop. I think now at this stage in my financial journey I would be able to manage the extra income each monthly wisely towards debt. But, I know in past years I wouldn't have been so wise and the money would have been whittled away. I’m in the boat this year of figuring out what to for my 2011 withholdings. I’d like to break even if I can, not owe or get anything back. Does anyone know of a good calculator online that helps you determine the right withholdings? My typical situation is married filing jointly with two young children.

I’m not going to lie though, this year we are getting a HUGE return (had a new baby last year), and it is going to be nice to pay a big chunk of debt off in one fell swoop.

I think now at this stage in my financial journey I would be able to manage the extra income each monthly wisely towards debt. But, I know in past years I wouldn’t have been so wise and the money would have been whittled away.

]]> By: The Katana: Where Experiences Matters More Than Things | Financial Samurai http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-23362 The Katana: Where Experiences Matters More Than Things | Financial Samurai Thu, 09 Sep 2010 04:05:08 +0000 http://onemoneydesign.com/blog/?p=4400#comment-23362 [...] “Income Tax Refund: Good or Bad?” from One Money Design.  Nobody can eat just one cookie, hence a refund is [...] [...] “Income Tax Refund: Good or Bad?” from One Money Design.  Nobody can eat just one cookie, hence a refund is [...]

]]> By: Tax Refunds: Does Size Matter? | MyMoneyMinute.com http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3175 Tax Refunds: Does Size Matter? | MyMoneyMinute.com Mon, 22 Feb 2010 10:29:55 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3175 [...] Jason Price from One Money Design — Income Tax Refund: Is It Good Or Bad? [...] [...] Jason Price from One Money Design — Income Tax Refund: Is It Good Or Bad? [...]

]]> By: Jason Price http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3047 Jason Price Wed, 17 Feb 2010 13:26:11 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3047 Jason, completely agree it is easier to nail down with stability. I know for our family this has been pretty tough. Moving, kids, etc. It all impacts your income taxes! I definitely think it's better to get a little bit of refund versus owing the IRS! Yikes. Jason, completely agree it is easier to nail down with stability. I know for our family this has been pretty tough. Moving, kids, etc. It all impacts your income taxes! I definitely think it’s better to get a little bit of refund versus owing the IRS! Yikes.

]]> By: Jason Price http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3045 Jason Price Wed, 17 Feb 2010 13:24:13 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3045 Craig, thanks for commenting. I think in general people have to be able to manage $1 as well as $1000. That may not be true for the majority of people which is why I'm so dedicated to this work! :) Craig, thanks for commenting. I think in general people have to be able to manage $1 as well as $1000. That may not be true for the majority of people which is why I’m so dedicated to this work! :)

]]> By: Jason Price http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3044 Jason Price Wed, 17 Feb 2010 13:22:10 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3044 Thanks, Samurai. While I do agree that people might be more concious about managing a large amount (refund), I'm still in favor of people learning to manage wisely each month and avoid the large refund. If they can do that, they can have the extra money for all the reasons I mentioned in the article. Thanks for commenting! Thanks, Samurai. While I do agree that people might be more concious about managing a large amount (refund), I’m still in favor of people learning to manage wisely each month and avoid the large refund. If they can do that, they can have the extra money for all the reasons I mentioned in the article. Thanks for commenting!

]]> By: Financial Samurai http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3025 Financial Samurai Wed, 17 Feb 2010 04:48:48 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3025 Jason, because you agree with me, I think you are brilliant! :) The cookie by the bedside example should be good enough proof why there's NO WAY in heck someone will be disciplined to save the average $200/month in extra cash flow, and/or use it to pay off expensive debt. People are delusional into thinking they can be disciplined every single month. However, when that $2,400 hits come year end, you are going to think long and hard about blowing your money on something stupid b/c you'll realize it took you 12 months to save that nut. I firmly believe most people see their tax refund as an opportunity to pay down a good chunk of debt, or increase their savings. Stay on the smart path my man! Best, Sam .-= Financial Samurai´s last blog ..<a href="http://www.financialsamurai.com/2010/02/01/do-c-students-deserve-a-lifestyles/" rel="nofollow">Do “C” Students Deserve “A” Lifestyles?</a> =-. Jason, because you agree with me, I think you are brilliant! :)

The cookie by the bedside example should be good enough proof why there’s NO WAY in heck someone will be disciplined to save the average $200/month in extra cash flow, and/or use it to pay off expensive debt.

People are delusional into thinking they can be disciplined every single month.

However, when that $2,400 hits come year end, you are going to think long and hard about blowing your money on something stupid b/c you’ll realize it took you 12 months to save that nut. I firmly believe most people see their tax refund as an opportunity to pay down a good chunk of debt, or increase their savings.

Stay on the smart path my man!

Best,

Sam
.-= Financial Samurai´s last blog ..Do “C” Students Deserve “A” Lifestyles? =-.

]]> By: Craig Ford http://www.onemoneydesign.com/income-tax-refund-is-it-good-or-bad/comment-page-1/#comment-3011 Craig Ford Tue, 16 Feb 2010 22:46:22 +0000 http://onemoneydesign.com/blog/?p=4400#comment-3011 Jason, Thanks for joining this conversation. I enjoyed reading your comments and thoughts. Man, what is it with FS and I? I think he has disagreed with my last dozen posts. But, alas I like the guy because he always does it in style. Here's my thoughts. I think people are more likely to be responsible with an extra $100 per month than $1,200 at the end of the year. There's just something about big chucks of money that 'mysteriously' appear that make people go bonkers. How many times has someone said, "I'm getting a big refunds so I think I'm going to go out and buy ..." The truth is if someone can't save their money either way the only question is blow it all at once or a little every month. Oh, and one last point - I almost always disagree with things I write too. Jason,
Thanks for joining this conversation. I enjoyed reading your comments and thoughts.

Man, what is it with FS and I? I think he has disagreed with my last dozen posts. But, alas I like the guy because he always does it in style.

Here’s my thoughts. I think people are more likely to be responsible with an extra $100 per month than $1,200 at the end of the year. There’s just something about big chucks of money that ‘mysteriously’ appear that make people go bonkers. How many times has someone said, “I’m getting a big refunds so I think I’m going to go out and buy …”
The truth is if someone can’t save their money either way the only question is blow it all at once or a little every month.

Oh, and one last point – I almost always disagree with things I write too.

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