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Taxes

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Tax time is approaching, and I can’t wait to get my refund. Recently, a friend told me that getting a large refund isn’t a good thing. Can you tell me why? 

For many people, tax refunds are something to look forward to. Why wouldn’t they be? It’s exciting to imagine all the things you’ll be able to do with that money. As much fun as it is, your friend is right – getting a tax refund isn’t ideal. If you receive a refund, it means you’ve had too much withheld from your paycheck. That means you’ve essentially given Uncle Sam an interest-free loan on money you could be using every month to pay bills, buy groceries or get closer to your financial goals! Instead of aiming for a refund, a better ...
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