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01-13-2009, 10:59 AM #1Registered User
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What are you going to spend your tax return on?
We are planning on paying off our surprise car purchase (or as much of it as we can) so that we can hopefully remove that debt from looming over us. We currently owe $9100. Our refund should knock that down to roughly $4500 - we'd be more than half-way done!
What are you planning on doing with your funds?
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01-13-2009, 11:03 AM #2
I need a new pair of eye glasses, so I know some will go to that.
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01-13-2009, 11:12 AM #3
I'm going to pay off debt and get some wokr clothes (I haven't gotten work clothes or any clothes in many years). Butn othing expensive. also will be putting some in savings.
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01-13-2009, 11:13 AM #4
1/2 on the house, 1/2 into the "We're gonna need another car." fund.
Mom to Emma, Spencer, Connor, Lily,Fletcher, Amelia and Adeline.
Mortgage $78,500/$15,200
EF 3 mo income barring
anymore emergencies
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01-13-2009, 11:27 AM #5
1/2 is going to pay off a CC and the other 1/2 is going to buy a freezer so that I can grow my stockpile more.
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01-13-2009, 11:30 AM #6
What tax return? We usually have pay between $6K - $8K. This year will probably be worse since DH worked as a consultant for 1/2 the year. I hate income tax season!
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01-13-2009, 11:37 AM #7Super Moderator
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01-13-2009, 11:37 AM #8
Well, this year we have allotted our tax refund money to go towards putting in our yard. FINALLY...
Our poor neighbors have looked at our weed-infested yard for the past 3 years! Yikes, here come the sprinklers and sod! Woo-hoo!
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01-13-2009, 11:48 AM #9Registered User
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Mine will be going into my EF.
Dh Bob
FIL 
DS (21) at Lakehead U - go Thunderwolves!

www.ouroldhomestead.blogspot.com
2012 Exercise Challenge - 5,358 min
2012 Water Challenge - 7,330 oz
May No Spend Days - 0 /20
Wasted money - May total - $0
2012 Change Jar - $ 37.20
No Eat Out - 114 /365
2012 Reading Challenge - 3 /12
2012 Home Project - May - 4 totes 0 /4, organizing laundry room
20 Wishes Challenge - 3/20
12,400 /36,500 squats
2012 Coupon Challenge - $416.06
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01-13-2009, 11:49 AM #10
It's going straight in the "Emergency Fund". There is word of lay-offs going around my job. They laid off 22 people last Friday and may have a second wave come March/April (although Management is denying it, but you know how that goes). The 2 Cards we owe small amounts on are for now getting shaved down to Minimum Payments Only and spending is at a complete HALT till these storm clouds pass. So it's time to batten down the hatches!!
Otherwise we'd be getting a Wood Pellet Stove to help cut down on our heating bills - Oh well, Thanks Recession!
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01-13-2009, 11:56 AM #11Registered User
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Buying a new bed and linens!!
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01-13-2009, 12:03 PM #12
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01-13-2009, 12:28 PM #13
If I get lucky I might get back $200 or so, but might end up paying that amount as well.
I am not counting on anything at this time. Previous years refund was about $700, that went to pay down debt, but that debt is all gone now.
If I get anything, it will go to savings, trying to finish up a 6 month EF, and am at about 60% full at this time.
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01-13-2009, 12:31 PM #14
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01-13-2009, 12:37 PM #15
All to debt for us.
EF $703.21
STARTING DEBT $40,567.12
DEBT TO DATE $5,571.24
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