Money
Your tax refund is a 0% loan. Why does it feel like a bonus?
A tax refund is your own money returned at 0%. Research on inertia and mental accounting shows why it feels like a bonus, and when it costs you.
Debt
Money
Do lottery winners go broke? The famous 70% has no research behind it
The '70% of lottery winners go broke' figure has no research behind it. Florida data suggest a big win postponed bankruptcy rather than prevented it.
Money
Paying Off the Smallest Debt First Is Worse Math. It Can Still Win.
Paying the highest rate first generally saves more interest. Research suggests why paying the smallest balance first can still help people finish.