Are You Wasting Money? Don't!

According to the latest numbers from the Internal Revenue Service there is $760 million in unclaimed tax refunds that will become the property of the United States government if some of you do not collect now.

If you're wondering how this could possibly be, it's because more than 900,000 taxpayers have not filed their 2010 tax returns.

If 2010 taxes are not filed by April 15th, 2014, the money stays with the entity that disperses it, ie. federal government.

In case procrastinators need any more motivation to file, the IRS figured about half of the unclaimed refunds are more than $500.

That's wasted money at the federal level, at the state level and there is millions more thanks to unclaimed property.

That's at the federal level.

At the state level, the department of the treasurer has millions in unclaimed property! That could be old paychecks, house insurance, life insurance, or stocks that for whatever reason -- maybe a wrong address, or missing information -- got handed over to the state.

Right now, there's about $344 million in North Carolina's unclaimed property fund. In the 2013-2014 fiscal year, there were 16,439 claims that totaled $34,218,821!

It's easy to search and see if you have any unclaimed cash! Click here to get to the State Treasurer Department's Unclaimed Cash Search site.

Ever wonder how much food we throw away?

The Natural Resources Defense Council says we trash up to 40% of food to the tune of $165 billion.

A study by Eureka Recycling in St. Paul found a family of four wastes about $1,152 a year in food.

Billions more is wasted on energy, according to Business Insider estimates Americans throw away $443 billion in energy costs.

Finally, get this, $2 billion worth of gift cards went without being redeemed in 2012, according to a study by research firm Tower Group.

Whether it's from the feds, the state or a relative, odds are to one degree or another money is being wasted, but not if you take care of it.


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