Fear the Tax Man. From: 99 Money Problems.

Original post at 99 Money Problems.

We can all agree that fears of the mad tax man keep us all up at night. Well, guess who just called?

You see, remember how you bought your first house back in February and you thought you could shave down your house note by $500 per month by opting to pay your tax bill annually and not by escrow. Well, guess whose chickens have come home to roost - that's right, it's a $6,000 property tax bill. Yes, you need to up your dose of ginkgo biloba, because you just blew your wad on that down payment for your new Land Rover and totally forgot that your tax bill was coming.

Fortunately, there's some "good news" in today's mail - you've been "pre approved" for a $9,500 loan @ 12% from stupidmoney.com peer lending site.

QUICK MATH FACTS

A monthly note on $6,000 @ 12% over 36 months is $200.

A monthly note on $9,500 @ 12% over 36 months is $315.

A year supply of ginkgo biloba is about $50.

WHAT WOULD YOU DO?

A) Take the whole $9,500 loan; pay the tax bill; buy a year supply of ginkgo biloba; and book that well deserved trip to Jamaica.

B) Take a loan for $6,000; pay the tax bill; talk to bank about adding escrow to loan.

C) Call your rich Great Aunt Edna and borrow the $6,000; promise you'll visit soon; and write a reminder note that you'll have to start saving now for next year's bill.

D) The above ideas are the most stupid ideas ever typed on the internet; no wonder why you're broke; let me tell you the best solution over at 99moneyproblems.com.

#99moneyproblems