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Thread: tax refunds

  1. 02-02-2008, 05:34 PM #1
    hmcart
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    Default tax refunds

    I just finished filing our taxes and we are actually getting back more than I thought so it made me wonder what everyone was doing with theirs if they are getting one.


    I have to get tires and brakes on my car first. after that we will be paying off both credit cards and starting our EF
    Holly

    My blog: www.littlebitoflifephotography.blogspot.com

    February challenges
    eat at home days 0/25
    groceries 0/400
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  2. 02-02-2008, 05:58 PM #2
    Critter
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    We are using some to goto Las Vegas in May, and saving the rest we did get a new medicine cabinet for the bath and also paint for the front room but we are saving over $2100 and that is after we pay for our trip so we are happy with that.
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  3. 02-02-2008, 06:07 PM #3
    baxjul
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    I'm buying a laptop.
    6 yr. Breast Cancer Survivor!
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  4. 02-02-2008, 06:09 PM #4
    Michelle68
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    We are getting about $800 back and are lending it to our DD to help her find a new-to-her car. As she pays us back each payday, it'll go back into our EF.


    --Michelle
    ~ Michelle



    Wife to DH--
    Mom to DS--
    and DD--

    Avatar picture--Taken at Comanche Lookout Park, San Antonio,Tx. April,2010
    Mortgage -- $53,077.24
    March Emergency Fund Challenge-- $100 /$200
    ----------------------
    "The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
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  5. 02-02-2008, 06:18 PM #5
    McD
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    We are getting 5300$ back. We split ours into third--Zac gets a third, I get a third, and we put a third into joint savings. Zac's portion is going into his money market, my portion will be going to open me a savings account! YAY!
    McD
    -wife to Z
    -mommy to Dubya & Moo Cow

    Blog: http://familystylemayhem.wordpress.com/


    My Ravelry: http://www.ravelry.com/projects/nicd...view=thumbnail
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  6. 02-02-2008, 06:19 PM #6
    bluebird728
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    I'm using my income tax refund to pay my property taxes and replace a fence that blew down in a recent storm. Easy come, easy go.
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  7. 02-02-2008, 06:21 PM #7
    Ceashels
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    Our will go into our interest bearing account until we find an investment property. Lets hope that is soon.
    The Free Spirit Saver who walks the path with Greebo.

    Onboard with a modified Dave Ramsey Plan
    Budget: "Every month! On paper, on purpose!"


    Gardening somewhere between Zone 6b and 7a.
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  8. 02-02-2008, 07:10 PM #8
    Juto
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    To our surprise, we are getting $2300 back. Usually we break even or owe a tiny bit...Most will go into EF, but we will use some to buy a new King size mattress/box spring. Our backs say it is time! :0)
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  9. 02-02-2008, 07:39 PM #9
    ladykemma2
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    i will be getting 4500 back, plan to pay off the visa and get the house painted.
    11% gross to retirement
    10% takehome to tithe and offerings
    emergency fund maintained at 3000(works for me)
    credit card debt 7500
    mortgage free
    freedom accounts/sinking funds that ebb and flow
    then live on the rest!

    i am trying something new. LDS church advises savings or debt repayment should be the same as the tithe. 10% each.

    "i create prosperity, abundance, and savings for me and my household"
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  10. 02-02-2008, 07:48 PM #10
    Tiajean
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    Not sure how much we'll be getting back this year but the plan is to pay property taxes, pay off all of the credit cards, stockpile non-food items for the year, put away Christmas money for this year, and to have Christmas in February for the two of us since we didn't buy each other anything last year because we needed the money.
    Tia jean
    DH, Brad married 10/31/07
    DSD, Kari 23 KissaGinny
    Sabastian, the rescue pup
    And the 100lb baby puppy, Delilah Moon!
    Pierre & Frankie(RIP babies)

    EF $0.00/$1000.00
    Snowball
    CC#1(C1B)$407/$500
    CC#2(C1T)$467/$500
    CC#3(C1T2)$704/$750
    CC#4(ORD)$1,000/$1,100
    CC#6(Wal)$1,627/$1700
    Loan #1 $1,434@11.12%Loan #2 $6,972@14.70%
    Car Loan $3,302@10.94%
    ...Mortgage $30,876.00...
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  11. 02-02-2008, 08:10 PM #11
    hmcart
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    I love the CHristmas in February idea. We need to do that also,lol
    Holly

    My blog: www.littlebitoflifephotography.blogspot.com

    February challenges
    eat at home days 0/25
    groceries 0/400
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  12. 02-02-2008, 08:27 PM #12
    staciah
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    I feel lucky that we have already received our taxes. Both St and Fed. Alittle over $6700. We pd our CC off and our retirement loan off and some medical bills off. we only have our mortgage debt now.
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  13. 02-02-2008, 08:43 PM #13
    momtoadiva
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    *has high hopes to get enough to finish remodeling the downstairs bath all I need is greenboard, new sink and toliet and some plumbing to put in a shower down here tub and no shower. We have the new tub/& faucet and flooring. The rest I hope to put with savings and remodel the kitchen, buy a new stove to match the stainless steal appliances we have now and put up guttering on the house.
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  14. 02-02-2008, 09:09 PM #14
    Bethany
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    I think we'll break even or pay. We MIGHT get a small return. If we get a return, straight to the credit card. If we get the big rebate Bush is talking about, it will also probably go to CC.
    Bethany


    Mortgage: 220,000

    GOALS:


    ~Make weekly deposits (no matter how small) to savings account in order to get into the habit of     saving.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    As of 2-12-12........
    CC 12,000
    Paying down agressively!
    No other debt!
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  15. 02-02-2008, 09:28 PM #15
    FrugalMomof3
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    We are getting more than we expected too but we paid back all CC debt so we are DEBT FREE again except for the mortgage. We also used part of it to buy a new TV and we still have some left

    We are also getting state funds back too, we're still waiting on that though.
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