@sarge12 wrote:BBS...the question originaly posed reminds me of a conversation I had with a co-worker a few years back. He was a college graduate, mind you. He was complaining about credit card debt and I asked him why he did not PIF. He said that his monthly expenses were just more than his pay. I went over his expenses with him, which were about the same as mine and he made the same amount of money as me. Then he showed me his paycheck...much less than mine. He had put 0 dependants on his witholding form. I told him he needed to change that, but he argued if it were not for the 5000 dollars he got as a refund, he would never be able to pay off his credit cards. I kid you not, he was loaning the Feds 5000 dollars a year at 0 interest, which caused him to carry a balance at 24.99% interest on credit cards. I gave up arguing how stupid that was.
Wow, that's pretty rough. The only logical explainations I've seen for someone claiming 0 over 1 is that they either get stuck paying when they go to file their taxes by claiming themselves (which can be countered by having an extra flat amount taken out of your check weekly) or people simply don't have the discipline not to spend that extra money in each check throughout the year and feel by getting it in one lump sum as a tax return helps them save it. These are probably the same people that struggle with credit card debt, now that I think about it 