Just like you, we’ve been busy this tax season. We’ve talked about why that tax refund needs to go towards debt, budgeting essentials, and even an idiot’s guide to taxes in general (don’t worry; that title was more for us than you).
Now we want to take a break, and focus on silly things we do with our tax refunds.
Know Your State – Otherwise Unwise Spending Could Get You in Jail
Renting furniture might sound totally harmless if you’re a Texan, but think again; believe it or not, if you’re late on a payment on rental furniture, Texas has what are called theft of service charges. 400 people in Waco have been arrested by rent-to-own companies over the last three years. In Florida, a man was arrested because he was late on payments for his rims – it cost him $4,000 in attorney fees to compliment a shoplifting class.
Colorado classifies a horse as a vehicle, so yes, a DUI applies to cars as well as a steed. The lesson? If you spend on silly things, at least own them all the way and make sure you own them in the right place.
Vegas looks like a lot of fun in the movies (well, most of them anyway), but the truth is that most people don’t go for good food, sights, and sounds. They go to spend money. And yes, this all sounds incredibly judgy – who are we to tell you how to spend your money? – but that’s only because we know how tempting it is to take risks. The trick is to take the right risks. For example:
As of late 2012, the Nevada State Gaming Control Board reports the win percentage odds for craps at around 13.5%, and three card poker, at around 31%. Slot machine win percentage odds are even lower, with win percentages that are generally less than 10%.
Maybe instead of playing Vegas’ odds, perhaps it’s better to create your own?
Saving Money Sounds Boring Until it Saves Your Life
Saving money sounds so safe, and safe isn’t fun. It certainly isn’t as fun as a new tech that can carry on a conversation with you, or a last minute ticket to Coachella. But you don’t save just to have a bunch of money you’ll never spend. You save so that eventually the money you save can be spent on better things. In the meantime, all of that money can protect you from potential emergencies.
Already a customer and want to know more about our upcoming Financial Well-Being packet as a process rather than just diary notes? Call us at 210-520-0444 or visit us at 6989 Alamo Downs Pkwy, San Antonio, TX 78238.