› Budget101 Discussion List Archives › Budget101 Discussion List › What are you going to do with your tax returns?
- This topic has 46 replies, 18 voices, and was last updated February 15, 2009 at 7:37 pm by .
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February 3, 2009 at 8:42 pm #270305
naturalmommy
If you are getting a tax refund… what are you doing with it?
Are you saving it?
Are you spending it for fun? (well, I know being frugal this might not be top priority)Or all of the above?
Im putting ours in the bank, using it to stay current on all my bills, and pay 2 high interest rate CC’s off. :041: We should receive it around the 13th.
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February 3, 2009 at 8:49 pm #413691
jkpjohnson
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February 3, 2009 at 10:07 pm #413706
tsgal
We are paying off some loans, and I have already said that I wanted to get a good set of pot and pans. I’ve been waiting for years to get a good set, I want the nice stainless steel kind with no teflon in it.
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February 3, 2009 at 10:21 pm #413709
naturalmommy
@jkpjohnson 105953 wrote:
we did the back taxes last year. enjoy your new tv!
tsgal;105971 wrote:We are paying off some loans, and I have already said that I wanted to get a good set of pot and pans. I’ve been waiting for years to get a good set, I want the nice stainless steel kind with no teflon in it.yay! i love paying off debts. it feels so good!
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February 3, 2009 at 10:36 pm #413714
wilbe95
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February 3, 2009 at 11:06 pm #413722
d_awalker
@jkpjohnson 105953 wrote:
Luckily he gets his work bonus at the same time, so we may get a new tv (ours faces are red, everyother color is fine) so it is about time.
😉
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February 3, 2009 at 11:10 pm #413724
d_awalker
I will be using some of the money for my “other dad” to repair our house in Georgia so that it can hopefully be sold.
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February 3, 2009 at 11:28 pm #413727
brchbell
I’m paying off my 2008 ford Focus I had to buy in August when my son totaled my SUV. I’ve been whittling away at the $9000 and my tax return will have me down to $437! I’ll be able to pay it off next payday!
Yea!!! Just got the house left after that!
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February 3, 2009 at 11:57 pm #413732
saunders97
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February 4, 2009 at 12:56 am #413736
incheck4real
I am getting anew iron skillet that I have been wanting for 5 years !!! I am also hoping to talk hubby into buying me the red enamel dishes that I want for the kitchen. I want to replace the glass dishes with these and they will look very good with my country decor !!!
they are pricey though so he may not do it. he also is buying a rifle so he can start hunting again !!! there is nothing like free meat !!!!
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February 4, 2009 at 11:24 am #413800
jaime
if we get a refund i hope to get a new refrigerator…ours is making some very funny sounds lol. if there is anything left after that it will go toward saving to refinish the basement. this is a cool post. i love these.
thanks
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February 4, 2009 at 1:52 pm #413835
naturalmommy
Jaime-funny noises not a good thing, lol.
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February 4, 2009 at 2:43 pm #413852
jaime
LOL I know and now its getting quiter…not good either 🙂
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February 4, 2009 at 4:23 pm #413873
naturalmommy
:073::wink: -
February 4, 2009 at 5:28 pm #413881
d_awalker
Whatever we are going to do with the money, the good thing is that we are planning it out beforethe money arrives. So many people do not plan. They just wait until the money comes and go wild with it as if it is “found” money.
They figure that they did not have it before, so why save/pay debt/buy necessities? It’s time to splurge!
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February 4, 2009 at 5:34 pm #413886
faxonfive
I am going to pay our mortgage!!!
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February 4, 2009 at 9:00 pm #413930
naturalmommy
@d_awalker 106234 wrote:
They figure that they did not have it before, so why save/pay debt/buy necessities? It’s time to splurge!
I am so glad to see people “thinking” before doing.
especially during tax time.
faxonfive;106239 wrote:I am going to pay our mortgage!!!great idea!!!!!!
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February 4, 2009 at 9:29 pm #413933
BellaInara
1. Get a phone line so that my SO can start working with liveops. He’s been out of work so we need any income that we can get.
2.Pay down some of the rent that we owe. We have a private landlord who is working with us, but we are a full 6 weeks behind right now. This will help catch us up.
I am due a small bonus from work around the end of the month that will go to him also.
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February 4, 2009 at 9:34 pm #413937
naturalmommy
@BellaInara 106304 wrote:
We have 2 things to do with ours (700)
1. Get a phone line so that my SO can start working with liveops. He’s been out of work so we need any income that we can get.
2.I am due a small bonus from work around the end of the month that will go to him also.
Shannon
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February 4, 2009 at 9:38 pm #413938
Niddi
putting it up to be used for this years dental expenses. Medicare and insurance doesn’t cover any of that.
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February 4, 2009 at 11:57 pm #413957
mardhines
Re: What are you going to do with your tax returns?
We live in a mobile home, so the originals are not worth trying to remodel.
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February 6, 2009 at 7:39 pm #414110
d_awalker
We received our tax refund at 12 midnight last night, and I paid off my first credit card at 12:05am! This morning, I paid a large amount to another credit card. That one should be paid off next month.
Today, my husband asked, “Are we going to do some celebrating?”, which is his code for spending money. I said, “heck no! are you crazy!
if you want to spend some out of your separate “play” account, that’s fine, but whatever we have left is going into our “hold” account for emergencies.” he did not say a word.
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February 6, 2009 at 8:18 pm #414112
naturalmommy
@mardhines 106334 wrote:
Re: What are you going to do with your tax returns?
We live in a mobile home, so the originals are not worth trying to remodel.
good luck! i hope you find a great vehicle!!!
d_awalker;106581 wrote:We received our tax refund at 12 midnight last night, and I paid off my first credit card at 12:05am! This morning, I paid a large amount to another credit card. That one should be paid off next month.Today, my husband asked, “Are we going to do some celebrating?”, which is his code for spending money. I said, “heck no! are you crazy!
if you want to spend some out of your separate “play” account, that’s fine, but whatever we have left is going into our “hold” account for emergencies.” he did not say a word.
thats awesome! congrats on paying off your first cc. as soon as i get my tax return, ill be paying off 2.
Its a great feeling!!!!
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February 6, 2009 at 8:19 pm #414113
brchbell
@d_awalker 106581 wrote:
Today, my husband asked, “Are we going to do some celebrating?”, which is his code for spending money. I said, “heck no! are you crazy!
i do not want us falling into that trap again.
i’m laughing about our dh’s! my dh was standing by as 3 of our kids discussed buying gifts for #2 son’s birthday and how broke they are and what they each had in savings, ect. dh jumped in and said when he was a kid he spent every last cent he had the second he had it.
It’s become a big joke around our house but we all really have to watch him when we actually have $$ in the account as he’s still sorely tempted to go out and buy, baby buy!
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February 6, 2009 at 8:38 pm #414114
mcnerd
Got my federal tax return today and immediately bought a Propane Heater at Amazon.com after realizing I had no alternative heat when the power goes off. The rest goes to pay off a credit card.
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February 6, 2009 at 9:56 pm #414119
redring
i asked dh if we did could i empty it all and get my tmj fixed. he agrees i have been dealing for too many years now. it puts us with no medical cash but i think i can work with that for a year to finally get the pain taken care of.
if we dont get that much i am not sure what the plan is.
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February 6, 2009 at 10:47 pm #414126
d_awalker
Im lol at you telling the hubby no!
thanks!
lol!
i am so glad that he listens and values my input. he brings it in, and i dole it out 🙂
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February 6, 2009 at 10:50 pm #414127
d_awalker
I’m laughing about our dh’s! my dh was standing by as 3 of our kids discussed buying gifts for #2 son’s birthday and how broke they are and what they each had in savings, ect. dh jumped in and said when he was a kid he spent every last cent he had the second he had it.
one of the kids asked at what age did he finally grow up and stop being a kid. dh laughed and said about 50! I personally know it was more like 52!
ha-ha! at least he improved. my “other dad” is 65 and still letting money run through his hands like water.
I’m surprised my mother does not have a head full of gray hair!
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February 7, 2009 at 12:56 am #414132
naturalmommy
Thanks!
I learned our first year of marriage that I needed to start telling him no or we were going to be in the poor house! He has learned a lot over our ten year marriage about frugality and financial responsibility. He knows that if it were not for me being the “financial manager” of the family, his credit would still be in the toilet where it was when we married.
i am so glad that he listens and values my input. he brings it in, and i dole it out 🙂
im kind of in the same boat… we used to be “spenders” to impress. dh still gets a little of that urge now and then, but im working it out of him slowly but shirly…
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February 10, 2009 at 11:08 am #414510
sherlocklabs
@naturalmommy 105950 wrote:
If you are getting a tax refund… what are you doing with it?
Are you spending it for fun? (well, I know being frugal this might not be top priority)Are you spending it on Debts?
Or all of the above?
I always try to but some in the bank ~~ I really like having a little cushion to fall back upon…in case of emergency…and right now we have no cushion left~~so putting it back would be nice.
Of course…put some towards debt
But really…if at all possible….I would love to get my ds (3 years) a fort/swing set. We live in the country….and biking is not really an option with our terrain and gravel driveway. He is at the age where he is active and moving around, bouncing and climbing….and I would love to have something like that to keep him occupied.It really isn’t cost effective to drive to the park all of the time. So if at all possible….I would love to get that one ‘fun’ item. 🙂
Upstate NY -
February 10, 2009 at 4:56 pm #414552
mardhines
I guess this is where the old “don’t count your chickens until they are hatched” phrase comes in for us. We had planned on getting new kitchen cabinets to replace the battered and broken ones we have now, and to buy a cheap used vehicle. I should know better.
Looks like we will be saving the entire amount, and hopefully it will be enough, to support us. We just found out on Friday that hubby might have to have his right foot taken off. Its not for sure yet, the test results come back in about 10 days.
He worked in the oil field in OK. Someone wasn’t paying attention, and as a result, he got hurt. Anyway, I can’t work, I have 4 ruptured discs, and now this problem with my hands.
When it rains, it really pours. But with Faith in God, we will survive. There is always a silver lining.
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February 10, 2009 at 5:15 pm #414554
sherlocklabs
Mardhines….I will keep you and your family in my prayers. I sure hope all works out for you.
Blessings
Denise
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February 10, 2009 at 7:48 pm #414563
Niddi
Mardhines,
I am so sorry that you are having such a time of it right now. Will add you to prayer list. Please keep us updated on your DH. -
February 10, 2009 at 8:01 pm #414566
d_awalker
….I would love to get my ds (3 years) a fort/swing set. We live in the country….and biking is not really an option with our terrain and gravel driveway. He is at the age where he is active and moving around, bouncing and climbing….and I would love to have something like that to keep him occupied.
It really isn’t cost effective to drive to the park all of the time. So if at all possible….I would love to get that one ‘fun’ item. 🙂
Upstate nyi would suggest posting a request on craigslist.org or, better yet, freecycle to see if someone may have a free one or one at low cost. i moved and gave my playsets away on freecycle. someone else may want to part with theirs for a nothing or for a smaller fee than purchasing it new.
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February 10, 2009 at 8:06 pm #414568
naturalmommy
@mardhines 107219 wrote:
Looks like we will be saving the entire amount, and hopefully it will be enough, to support us. We just found out on Friday that hubby might have to have his right foot taken off. Its not for sure yet, the test results come back in about 10 days.
I am praying this isn’t so, and would so appreciate any prayers from anyone. And a huge huge thank you in advance. it all began with an accident he had back in the 80’s.
When it rains, it really pours. But with Faith in God, we will survive. There is always a silver lining.
And that is… at least, its not his life we are talking about. I thank God for that.
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February 10, 2009 at 8:10 pm #414571
d_awalker
@mardhines 107219 wrote:
I guess this is where the old “don’t count your chickens until they are hatched” phrase comes in for us. We had planned on getting new kitchen cabinets to replace the battered and broken ones we have now, and to buy a cheap used vehicle. I should know better.
I am praying this isn’t so, and would so appreciate any prayers from anyone. And a huge huge thank you in advance. it all began with an accident he had back in the 80’s.
He worked in the oil field in OK. Someone wasn’t paying attention, and as a result, he got hurt. Anyway, I can’t work, I have 4 ruptured discs, and now this problem with my hands.
And that is… at least, its not his life we are talking about. I thank God for that.
Oh no! I am so sorry to hear about your husband’s foot. Like you said, when it rains it pours.
Last year, our much anticipated tax refund was used to support us while we had a medical emergency with my then 5 year old son. They diagnosed him with 3rd degree heart block and had to implant a pacemaker in him. He was airlifted three hours away and my hubby had just been hired at a new company.
We were not happy about his condition, but we were happy that the money was there when we needed it.
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February 10, 2009 at 9:42 pm #414586
mardhines
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February 10, 2009 at 9:44 pm #414587
mardhines
The people on this site are some of the nicest most compassionate and careing people that I have ever had the pleasure of meeting. Thank you all so very very much.
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February 10, 2009 at 9:46 pm #414588
mardhines
Thank you all so very very much, I wish I could tell you how much this means to me. It makes me feel so much better to know that people care.
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February 11, 2009 at 5:02 pm #414702
mardhines
test results came back this morning, his foot is going to survive. they still don’t know what is causing the problem… but thats another day.
thank everyone of you for your prayers, i am certain that is the reason this has occurred. and thank god. take care and have a wonderful day everyone, i know i will.
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February 11, 2009 at 5:57 pm #414708
sherlocklabs
So glad all worked out for you! -
February 11, 2009 at 7:31 pm #414710
tsgal
Mardhines, so glad to hear that your hubby is going to be okay. What a blessing that is for you and your family.
d_awalker, so sorry to hear about you son. Are things better now that the pacemaker is in? Hope this helps him to be able to do things in life alittle easier now.
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February 11, 2009 at 8:55 pm #414725
mardhines
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February 11, 2009 at 10:21 pm #414741
d_awalker
@mardhines 107432 wrote:
yeaaaaaaaaaaaaahhhhhhhhhhhh!!!!!!!!!!!!! good good news!!!! hubby is going to be ok.
thank everyone of you for your prayers, i am certain that is the reason this has occurred. and thank god. take care and have a wonderful day everyone, i know i will.
this is amazing news! i am so happy that your husband will not lose his foot. i am sorry that they still do not know what is causing the problem, but sometimes you have to celebrate the victory that you have at the moment.
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February 12, 2009 at 2:23 am #414763
d_awalker
@tsgal 107453 wrote:
d_awalker, so sorry to hear about you son. Are things better now that the pacemaker is in? Hope this helps him to be able to do things in life alittle easier now.
My son Darius is doing fine. He is growing better and is an energy fireball. I told them that he was full of energy prior to his pacemaker insertion.
They told me, “Get ready because you are going to see a different kid.” They were right! He used to have energy but was a quiet child.
I learned from that experience to not take anyone for granted because they could be gone in a blink of an eye.
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February 15, 2009 at 10:19 am #414860
kkiriazis
I just got my tax return back and we paid off two cc’s! Not too much more to go (thank goodness). We will have everything paid by the start of 2010 (except the mortgage) and I keep telling myself that it isn’t that much longer.
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February 15, 2009 at 2:40 pm #414908
d_awalker
@kkiriazis 107729 wrote:
I just got my tax return back and we paid off two cc’s! Not too much more to go (thank goodness). We will have everything paid by the start of 2010 (except the mortgage) and I keep telling myself that it isn’t that much longer.
Sounds like a great plan!
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February 15, 2009 at 7:37 pm #414940
mmclean11
We paid off Lucky’s (the dog) vet expenses on Care Credit, paid off our 2nd credit card (just 7 more to go!), paid extra on our 3rd cc to pay off, and saved some.
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