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No flames here. You know what your doing and why you are doing it. You know the costs of your choice. If it works for you, its fine.

The reality is for some people, this is the way they can save money in a place that can't be accessed for impulse spending.

However, since you're using some of the refund to reduce your debt, I'd suggest taking a look at your debt patterns. Do the credit cards run up a little bit each month, only to be whacked back down with the tax refund once a year? If so (and I have no reason to believe it is for you, but there are lurkers here), your cost is larger than just the savings interest you aren't getting. It is the interest cost on the credit cards.

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