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Thread: Tax Money
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02-01-2010, 03:05 PM #1Registered User
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Tax Money
If you are due an amount back from taxes, what are your plans?
This year we are using half for ortho and half for debt. Not fun, but the grown-up choices
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02-01-2010, 03:11 PM #2Registered User
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We are doing our property taxes, a small credit card, catch up on a couple things (pest control, dog shots, etc). Yup, adulthood can be a real drag!
Working on Our Debt a Day at a Time:
Chase #1: Paid $1307.12 of $1925.04
Bank of America: Paid $1054 of $1600
Dillard's: Paid $953 of $1750
Medical (too much to list so I am going one at a time):
Amex #1: Paid $3975.50 of $3975.50 Paid in Full 3/09
Chase #2: Paid $4489.75 of $4489.75 Paid in Full 12/09
Macy's: Paid $337.24 of $337.24 Paid in Full 9/10
Lane Bryant: $300 of $300 Paid in Full 7/10
MRI Paid $1080 of $1080 Paid in Full 2/11
Amex #2: Paid $8286.17 of $8286.17 Paid in Full 7/11
Foot Surgery: Paid $1759 of $1759 Paid in Full 8/11
Furniture: Paid $2000 of $2000 Paid in Full 3/12
2012 Fling 319/2012
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02-01-2010, 03:18 PM #3Registered User
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Pay off windows - put on other debt
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02-01-2010, 03:50 PM #4Registered User
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Some to savings for April car insurance
Some to IRA
Take some in cash: set some aside for emergency cash; some for "running" money (I don't use much cash) for two or three months, and get 4 or 5 rolls of quarters for laundry since it's such a pain to get by the bank to get them. That will be laundry for quite a while
Earmark about $150 some for stockpiling in Feb/Mar
With this breakdown, it leaves about $6. I'll blow that on a fast food meal someday.Donna
Use It Up 2012:
Lapghans: 5
Baby afghans: 1
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02-01-2010, 04:31 PM #5Registered User
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Pay off 401K loan and get a bigger one to pay the last of my unsecured debt off. I will be cutting $400 a month out of my expenses and better yet the interest I will be paying is going to ME!!!
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02-01-2010, 04:43 PM #6Registered User
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I traditionally dump it into savings. It may become a tropical vacation, DH has been hinting a lot lately.
Use it up, Wear it out,
Make it do, Or do without. ~unknown
You can't always get what you want
But if you try sometimes you just might find
You get what you need ~Rolling Stones
A clean house is a sign of a wasted life. ~unknown
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02-01-2010, 04:44 PM #7Moderator
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Pay off a small loan, pay off a credit card, pay mortgage payment, paint the house, put in savings.
6 yr. Breast Cancer Survivor!
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02-01-2010, 04:49 PM #8Registered User
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nothing. never get a refund. always owe.
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02-01-2010, 05:07 PM #9Registered User
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We only get $500 or less back...finally got the w4 figured out so they don't get to keep my money interest free all year! After we pay the state taxes, what little is left will go into the EF.
DJ
Married to DH since 1993
DD age 16
DS age 14
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02-01-2010, 06:12 PM #10Registered User
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All extra $$$ always goes to the mortgage. It's our only debt and I want it gone!!! If dh gets a bonus this year....he can do whatever he wants with it.
Stinkbug
More wagging - Less barking
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02-01-2010, 06:14 PM #11Registered User
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After I posted earlier, I started writing the checks and making the envelopes to mail. As soon as I get confirmation that refund is in the bank, I am popping these babies in the mail!!
Working on Our Debt a Day at a Time:
Chase #1: Paid $1307.12 of $1925.04
Bank of America: Paid $1054 of $1600
Dillard's: Paid $953 of $1750
Medical (too much to list so I am going one at a time):
Amex #1: Paid $3975.50 of $3975.50 Paid in Full 3/09
Chase #2: Paid $4489.75 of $4489.75 Paid in Full 12/09
Macy's: Paid $337.24 of $337.24 Paid in Full 9/10
Lane Bryant: $300 of $300 Paid in Full 7/10
MRI Paid $1080 of $1080 Paid in Full 2/11
Amex #2: Paid $8286.17 of $8286.17 Paid in Full 7/11
Foot Surgery: Paid $1759 of $1759 Paid in Full 8/11
Furniture: Paid $2000 of $2000 Paid in Full 3/12
2012 Fling 319/2012
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02-01-2010, 06:14 PM #12Registered User
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Taking some to pay down my Target Visa (in half actually) and putting the rest into savings. Some will not agree with this, but at least by adding to our EF, if DH looses his job, we will have 6 months of house payments sitting in an account. AND it will be the first time our savings has ever seen the 2k+ mark
Married to my highschool sweetheart, DD 6 DS 9 months
January Eat At Home 0/31
Debt Paid $2115.66
CHALLENGES:
Debt free (except mortgage) 12/12/2012
New skill a month 1/12 (sewing)
250/2012 Fling
New recipe a month 1/12 (Stir fried rice)
Homemade Christmas 2012
$45,435.51
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02-01-2010, 06:24 PM #13Registered User
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The car loan will be gone and some other debt.
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02-01-2010, 06:34 PM #14Registered User
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i am straight 1099......
enough said. self employed
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02-01-2010, 06:40 PM #15Registered User
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We are going to use ours to pay off the Trans Am since we just acquired another car loan. We are going to sell the TA once it is paid off.
Cat
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