Comments on: The First Year I Actually Owe Taxes http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html Mon, 08 Sep 2008 16:43:21 +0000 http://wordpress.org/?v=2.3.1 By: fiscalmusings http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-908 fiscalmusings Thu, 06 Mar 2008 13:59:57 +0000 http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-908 I agree that this isn't for everyone. If you're going to spend everything you have, you're better off letting the government hold it for you. I agree that this isn’t for everyone. If you’re going to spend everything you have, you’re better off letting the government hold it for you.

]]> By: Jon http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-903 Jon Thu, 06 Mar 2008 04:51:55 +0000 http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-903 I have done the same thing as well. For people who follow a good budget, the money could be better invested meanwhile or used to reduce other high interest debt like credit card. However I wouldn't recommend this to everyone. A lot of people just seem to spend whatever cash they have lying around, so at least this is a way for them to save for part of the year and end up with a nice surprise instead of an unexpected debt. I have done the same thing as well. For people who follow a good budget, the money could be better invested meanwhile or used to reduce other high interest debt like credit card.

However I wouldn’t recommend this to everyone. A lot of people just seem to spend whatever cash they have lying around, so at least this is a way for them to save for part of the year and end up with a nice surprise instead of an unexpected debt.

]]> By: No Debt Plan http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-898 No Debt Plan Thu, 06 Mar 2008 01:34:34 +0000 http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-898 This year was the first we owed as well. We owed $500 (but got $300+ back from the state). I'd rather owe as long as we can stay consistent using the money wisely during the year. http://www.nodebtplan.net/2008/02/25/making-tax-adjustments/ This year was the first we owed as well. We owed $500 (but got $300+ back from the state). I’d rather owe as long as we can stay consistent using the money wisely during the year.

http://www.nodebtplan.net/2008/02/25/making-tax-adjustments/

]]> By: Frugal Babe » Archive » Posts I Liked This Week http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-897 Frugal Babe » Archive » Posts I Liked This Week Thu, 06 Mar 2008 01:29:52 +0000 http://www.fiscalmusings.com/2008/03/the-first-year-i-actually-owe-taxes.html#comment-897 [...] people I hear talking about their tax refunds (some of my friends get refunds of $5000 or more!).  Fiscal Musings made the W4 changes necessary to keep more tax money throughout the year, and will be paying taxes [...] […] people I hear talking about their tax refunds (some of my friends get refunds of $5000 or more!).  Fiscal Musings made the W4 changes necessary to keep more tax money throughout the year, and will be paying taxes […]

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