Financial Literacy

Greetings,
Finding new ways to save money and approach financial literacy can be especially helpful this time of year.  Although people make plenty of New Year's resolutions including some that involve money, this time of year is when many people start filing their tax returns.  That could mean a tax refund.  It's worth noting that there is a little bit of drama in Washington, DC this month on whether or not the Treasury will default:
http://www.usatoday.com/story/news/politics/2014/02/07/treasury-debt-limit-extraordinary-measures/5278153/

Hopefully, that doesn't happen and there aren't lots of delays with tax refunds.  That being said, there's nothing wrong with getting your taxes done a little early -particularly if you're owed money.  Basically, you overpaid Uncle Sam.  For some, it can be a good way of saving but remember, getting a refund back has its drawbacks.  From what I understand, it's analogous to giving the government an interest free loan yet it seems to work well for lots of folks.  If that's the case for you and you're expecting a big check, take a look at this web site:
http://www.practicalmoneyskills.com/index.php

It's full of helpful money information and strategies to become more financially aware.  Until next time, catch me in the library.