Yearly Refund Should Be Kept

Augusta Chronicle, The (April 14, 2004)


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Summary:

A lot of Americans think of their tax refunds as "found money," similar to a windfall they'd get by winning a lottery or being named in the will of a long-lost relative.

That attitude, however, can lead to extravagant spending.

Extract:

Yearly Refund Should Be Kept

"We call it 'mental accounting,' and it's a process by which we treat money differently based on where i...



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