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Just One Pen Pal Letter . . . Please

Bills.   Nobody likes getting them in the mail and it’s even less fun for people to have to sit down over the weekend and pay them.    It’s part of the reason why on line bill paying has become so successful.  It isn’t just the fact that the whole process is much easier, but now that bills can be delivered electronically you don’t have that extra pain of opening up the envelope wondering just how much it’s going to be this month. If you are married or have a partner, usually one of you ends up being the main person that pays most or all of the bills.   You get that distinct pleasure of seeing cable, gas, electric, and credit card bills where you put most of your expenditures. Most of us, including me, for some bizarre reason look forward to getting the mail out of the mailbox to see what we get every day.   I don’t really know what we ...

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Is it smart to get tax refund?

Around tax time, we often hear the question, “Is it smart to get a tax refund?”  The answer really falls into the ‘it depends’ category. In general, I am not a big fan of getting refunds.  Anytime in today’s world that you give the Government an interest free loan of your money for a year is probably not a good idea.  When you get a refund, you withheld too much money out of your paycheck over the course of the year.  When your actual tax calculation is done at year end, you will receive the excess withholding back in the form of a refund.   This means that you should really sit with your accountant, CPA, or financial advisor and adjust that withholding number for the current tax year.   If you are going to put more money back into your paycheck, make sure you have those dollars systematically saved into some type of savings or investment vehicle so you don’t spend ...

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