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Your Tax Refund Won’t Save You: The Debt Math Most People Ignore (and What to Do Instead)
Your tax refund feels like a lifeline—until you do the math.
In this episode of The Get Out of Debt Guy, Steve Rhode (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) break down why a $3,000–$5,000 refund usually doesn’t “fix” the kind of credit card debt most listeners are carrying. If you’ve got $30,000 to $200,000 in debt, a refund can become a one-time emotional paymentthat barely dents the balance… and then gets charged right back up when life happens (tires, repairs, surprises).
They also dig into a problem almost nobody talks about: debt and depression…
The skinny
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