reible wrote
I like to look at it this way. I'm getting back say $144 so lets just keep it simple if I had the whole $144 and invested it at the beginning of the year how much interest money would I get at the current interest rate. Keep in mind interest rates change and in this example I will use .50% since that is about what the market is right now. Now what would I do with that $.72???? Not much.
OK lets say that you average the amount over the 12 months and then use compound interest. That would be $12 each month deposited at the end of each month. That sounds better right? So now I have to figure out what to do with $.33.
Reality says one thing but numbers they sometimes bring reality into real world focus.
Ed
Edited to fix decimal point placement
I understand what people think. Why should I give the government money and earn no interest? I have about $5,000 in my checking account at the end of every month. The interest is around $0.25. I really don't care if I over pay. It is a nice bonus when I get a refund to do something fun with.
