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Saturday, February 21, 2009

Do Your Taxes Early

Please let this be your reminder to get your taxes done early this year. I'm doing mine today. In case you haven't been following the news lately, both of the states of California and Kansas have decided that they don't need to pay tax refunds anymore. They are giving IOUs to the taxpayers instead. The irresponsibility of the government in finance necessitates the re-doubling of effort when monitoring your own financial situation. Therefore, get your taxes done earlier and get those refund checks as fast as you can. Who knows which state will run out of money next?

Consider this as an example and warning of what can happen in your own life when you fail to act responsibly. These states have programs that they can't afford and never really could afford in the past. They have spent money that they didn't have bread and circuses for decades. The states made the mistake of promising money and programs for people for so long that they now have a sense of entitlement. The states spent too much time focusing on how to spend more money, rather than how to raise its income and cut unnecessary programs. Use the states' irresponsibility and fiscal malfeasance as an example of what NOT to do in your own life.

I'd love to hear more about your individual experiences in California and Kansas? Feel free to leave me a comment to this post.

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