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Why Tax Planning Beats Black Friday (By a Long Shot)
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It’s that magical time of year again—Black Friday. The day when we set alarms for midnight, elbow our way through crowds, and do battle for deals on TVs we didn’t even know we needed. And hey, who doesn’t love scoring a 75-inch 4K Ultra HD Smart TV for half price?
But let me ask you something: Would you camp out for a 40% discount on your biggest expense?
No, I’m not talking about your rent, your car payment, or even that Starbucks habit that’s sneaking into your budget. I’m talking about taxes—that silent wallet thief taking a third (or more) of your hard-earned money. Spoiler alert: You can’t price-match your way out of it.
So, while you’re strategizing for Black Friday deals, let me show you why smart tax planning is the real big savings event of the year.
The Black Friday of Taxes
Think of taxes as the full-price department store of your budget. No BOGO deals, no coupon codes, just Uncle Sam smiling and waving while he takes his cut. But here’s the thing: tax planning is like finding the secret promo code that turns Uncle Sam into a little less of a Scrooge.
With the right strategies, you can legally reduce your tax bill and save thousands. Not a few hundred bucks like you’d save on that fancy kitchen gadget you’ll use twice—thousands.
Example: The Walmart TV vs. Tax Savings Showdown
Let’s say you score that $500 Black Friday TV (originally $800—what a deal!). You feel like a champion, and you should. Saving $300 is no small feat.
Now, let’s compare that to tax planning:
• By adjusting your withholdings correctly, you could avoid giving the government an interest-free loan all year. (Average savings: $1,200).
• Maxing out your HSA and retirement accounts? That’s thousands more in deductions and tax-free growth.
• Leveraging tax credits for things like energy-efficient home upgrades? Cha-ching.
Suddenly, that $300 savings on the TV feels like pocket change compared to the thousands of dollars a proactive tax plan can put back in your bank account.
Why Most People Miss Out
Here’s the kicker: while everyone else is laser-focused on snagging that Instant Pot for $49, they’re completely ignoring the year-round “sale” happening on their tax bill.
And unlike Black Friday, tax planning doesn’t require a tent, a sleeping bag, or elbowing your way through a crowd of deal hunters. You just need a trusted tax professional (hi, that’s me!) and a little foresight.
The Gift That Keeps on Giving
Here’s the best part: the money you save on taxes can fund all your Black Friday dreams—and then some. Want that new laptop? Check. Fancy espresso machine? Done. A guilt-free splurge on your holiday travel? Absolutely.
By making tax planning a priority, you’re not just saving a few bucks this holiday season; you’re setting yourself up for financial wins every year.
So, This Black Friday…
Yes, go ahead and grab that deal on the air fryer. Score the TV. But don’t stop there. Once the shopping bags are put away, it’s time to focus on the ultimate savings event: tax planning.
Because saving $300 on a TV is great, but saving $3,000—or more—on your taxes? That’s a deal worth bragging about.
Let me help you turn your biggest expense into your biggest savings. No camping required.
Ready to start planning? Reach out today—and leave the Black Friday chaos for everyone else.