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You guys all are going to have a sh*t fit about this but my refunds, fed and state, run close to $13k - $15k a year. Yeas, I KNOW that's too much, but assuming $1100 a month put away from February (really, I need the first month to get the $1100) to December and then 4% interest I'm giving up $200 in interest.

This is my way of having a forced savings account.

If I really wanted to save the $200 -$300 a year in "lost" interest income I would just not go out to dinner 5 or 6 times a year.

BTW, Turbo Tax recommends that I change my witholdings allowance to 23 this year. I know that in reality, yes, what real people would do, is that the savings placed in my paycheck every 2 weeks would partially go to pay down debt (mortgage, car loan) but probably would end up having a big portion just wasted.

My refund helps to fully fund my ROTH IRA's and then pay down non deductable interest debt.

cat (who is ducking behind my lead shield, not to avoid xrays but to avoid the flames from the following posters. Just really think about what real people would do.)

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