12 Really Dumb Things People Are About To Do With Their Taxes
- By
Toya Sharee
3. Putting a down payment on anything you weren’t already saving for.
Stacy Johnson of Money Talks News advises that you should never use your taxes to create more debt (For example, buying a brand new car that will only depreciate in value). When it comes to big ticket items that you will have to make payments on, don’t even consider your tax return. Plan your payments according to what you are pulling in from your regular 9-5, because that is a realistic picture of what your finances will look like all year long. If you need a car, consider buying something used that you can pay for completely at one time.
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