Football Scores
Week 11
  • Rockport-Fulton 0 VS La Feria 0
    November 17
  • Sharyland Pioneer 0 VS Mercedes 0
    November 17
  • Brownsville Hanna 0 VS Edinburg Vela 0
    November 17
  • Brownsville Lopez 0 VS Mission Veterans Memorial 0
    November 17
  • Grulla 0 VS Pleasanton 0
    November 17
  • Weslaco East 0 VS PSJA High 0
    November 17
  • Santa Rosa 0 VS Goliad 0
    November 17
  • La Joya High 0 VS San Antonio Southwest 0
    November 17
  • Sharyland High 0 VS Brownsville Pace 0
    November 17
  • Laredo United South 0 VS McAllen Memorial 0
    November 17
  • McAllen Rowe 17 VS Laredo Alexander 42
    Final
  • Los Fresnos 34 VS Edinburg High 14
    Final
  • Edinburg North 7 VS San Benito 50
    Final
Why It’s Not Actually Good to Get a Big Tax Refund Every Year

Why It’s Not Actually Good to Get a Big Tax Refund Every Year

If you’re getting a really big tax refund this year, we’re not trying to crush your joy. But here’s why it ISN’T always a good thing . . .

When you get a big refund, it’s usually because you had too much money withheld from your paychecks. Maybe because you filled something out wrong on your W-4. And it IS nice to get that big chunk of money.

But a lot of people end up using their refund to pay down credit cards, which rack up interest all year. And if you had a little more money in your pocket, maybe you wouldn’t have NEEDED to use your credit card.

Or if you REALLY want to be an adult about it, that extra money could have automatically been deposited into a retirement account. Here’s why it makes sense . . .

Let’s say you get paid twice a month, and got a really nice refund this year of $1,200. That means you overpaid by $50 per paycheck.

If you invested all that money and kept doing it for 30 years, you’d put away $36,000. But because of compound interest, you’d actually end up with a lot more than that.

If your 401K or IRA made 6% a year, you’d actually end up with about a HUNDRED-THOUSAND dollars after 30 years. About 60 grand of it would come from the compound interest alone.

(Bankrate.com)