10 Money-saving Tips That Don’t Work

Over Withhold on Taxes From Your Wages to Ensure a Tax Refund

Over Withhold on Taxes From Your Wages to Ensure a Tax RefundDepending on your tax bracket and incoming earning, your tax refund in April might feel like the only way you can save money. But this is a dangerous way to save, since it doesn’t directly benefit you in the way the dollars could if you invested them instead, Sklar says. As he explains, ‘Every taxpayer is better off investing their funds than providing the government an interest-free loan in the form of overpaying their taxes. It’s much better to have the extra money go directly into an investment each pay period.’