Tax Refund

Sixty-four percent of Americans have or will receive a tax refund this year. Unfortunately, most of the money will be used to catch up on bills. We encourage everyone to develop a plan for windfalls — unexpected money. Having a plan before the money comes in multiplies the effectiveness of the windfall and minimizes the emotional attachment to it. This is one of the techniques we used to pay off our houses. For more details read, "Windfalls — Bonus or Bust?".