Reply to marriage & child in 2014 -- when to adjust withholding?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know you said just the opposite, but we never changed our withholding when we were married or had kids, and I prefer it this way.  I like getting a refund - find it much easier to save that way.  It's like money im never knew I had, and never miss. [/quote]

dumb[/quote]

It works for me, and I'm pretty happy with my financial position right now, so I respectfully disagree.  If I had an extra $500 each month, I'd likely spend it or think I could buy a new car I didn't really need, or whatever.  [/quote]

Why don't you just have that $500 automatically deposited into a savings or mutual fund account?  It wouldn't be sitting there tempting you and you'd earn interest on that money all year long.....[/quote]

This poster obviously knows him or herself and the way they spend money.  If keeping it in the government bank account instead of their own ensures it will be there - there's really very little downside to that.  If you could throw it in a savings account and make 5%, it's a different story.  But as it stands, I think this makes sense for a lot of people.[/quote]

I agree.  When savings account actually earned interest there might be something to argue about, but that's not the case these days, and in any case behavior is more important than theory.[/quote]

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