yeah, no shit...it's like you get penalized for saving up. Banks charge you if you use your savings too much (more than the allowed withdrawals in a given time period) and the gov't charges you taxes on the interest you make in it...everybody gets a cut of your money. That's when tax shelter's, organizations, and donations come in handy...
But on the other hand, if it's in a bank it is in a safe place (up to $100,000 each account anyways) and by the end of the year you'll still always have more than you started with. It's still usually alot better than a jar buried in the back yard
Originally Posted by speedminded
yeah, no shit...it's like you get penalized for saving up. Banks charge you if you use your savings too much (more than the allowed withdrawals in a given time period) and the gov't charges you taxes on the interest you make in it...everybody gets a cut of your money. That's when tax shelter's, organizations, and donations come in handy...
Reply With Quote