• AmosBurton_ThatGuy@lemmy.ca
    link
    fedilink
    arrow-up
    4
    ·
    3 days ago

    Plus it helps people like me that are terrible at saving money. I purposefully asked my work to take extra taxes off my cheques so that I can get a slightly bigger tax refund.

    • chonglibloodsport@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      3 days ago

      I’m glad that works for you. For others with similar struggles, they treat the tax refund as a windfall and spend it on something they don’t need instead of putting it into their savings.

      This is known as the mental accounting bias.