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Moneywise

Tax refunds can be a bad investment

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  • OhMan Salt Lake City, UT
    Jan. 22, 2013 4:47 p.m.

    I won't "loose" any money or be "loosing" any interest, as that is not possible. Seriously, I can't believe that simple grammatical error was made, UGH! You LOSE money and have a LOOSE screw.

    Sorry to nitpick, but come on!

  • Patrick Henry West Jordan, UT
    Jan. 22, 2013 12:54 p.m.

    Yeah....I would rather play it safe than not. I'm okay giving the government an interest free loan on my money. The amount of interest I'm losing is nothing to go crazy about. It certainly feels nice to get a chunk of change, rather than to pay a chunk of change. Moral of my story: Pay extra, don't worry about any surprises, and enjoy a nice tax return. And by enjoy I don't mean blow it all on Vegas or on a cruise. Do something responsible like pay down the principle on your mortgage or save for your children's education. Have some fun, but don't go overboard.

  • fish8 Vernal, UT
    Jan. 22, 2013 12:33 p.m.

    That comes to about $7 in interest at the current rate. Not enough to get excited about.