Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Wednesday, February 12, 2014

What is the financial benefit to being single?

Well, it's that time of year.  Time to do taxes. 

Typically, I get a small refund from both Federal and State.  And my accountant has always told me that's how it should be, that I'm doing it right.  Yet everyone I know seems to get a gigantic refund.  And yes, they're all married.  Some with kids.  Some without.  What am I doing wrong? 

This year, I'm so lucky.  I get to PAY IN to Federal, for the first time EVER!  Oh, the joy.  I'm getting a small refund back from State.  So, I'm basically breaking even.  And I realize it could be worse.  I could be paying a crapload in and not break even at all. 

But still.  HOW does everyone I know get a big refund?  What the frick?  And I don't know enough about taxes, etc...but I have to think that being married has something to do with it.  And obviously, kids are deductions, so I know for sure they have something to do with it. 

Now, I don't see kids as deductions.  That's not what I'm saying.  I'm just saying that you can claim them as dependents/deductions.  And yes, I realize kids are expensive.  I'm aware. 

Here I am, a pretty hard worker, working 3 jobs...and I don't get a giant refund?  Ugh. 

With the mood I'm in, this just makes me more angry.  It's like I'm being penalized by the country/state for being single and childless.  This seems unfair.

I already support myself on one income, while many of my married friends have TWO incomes to pay the SAME bills I do.  And then additional costs for kids, yes.

Married people love to make comments to single people about their disposable income.  "Oh, you can afford to do that.  You're single."  No, I can't, actually.  I'm paying all of my bills on this one income.  And it's probably less than half of what you and your spouse bring in each year.  I don't have a spouse to discuss/plan finances with.  I'm just winging it.  Cry me a river, married people.  I don't think you're rich.  But I do think you have some financial advantages that I wish I had.       

Along those lines, let's talk about coupons.  I'm not a crazy couponer.  In fact, I rarely use them, unless I have one that came in the mail.  BUT, have you ever noticed that most coupons are "buy one get two free?"  Or something like that?  Yeah.  Cuz if I buy one 8 pack of toilet paper, I'm definitely gonna need two more of those.  Um, NO.  And really, those type of coupons are for food a lot of the time.  Food expires.  So, I can't eat that many of whatever the coupon is for...and therefore I don't get the "deal."  Or pizza coupons..."buy 2 for x amount" or "buy 1 for x (much larger) amount." 

So, you can see why I don't use a lot of coupons.

Alright, I think two bitter posts in one day is enough.  Right?  ;-)