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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: What will you do with your tax refund?||Date: 7/27/2001 5:32 PM|
|Author: Mark0Young||Number: 83366 of 309316|
I think I posted something like this just recently.
- I have no CC debt, no car loan, no major appliance loan, no consumer debt, so my $300 can't be used there.
- I have a fully funded emergency fund, so the tax refund won't be used there.
- I do have an anticipated upcoming purchase, but I have already saved up for it without the tax refund.
- My retirement accounts are fully funded. I have already saved up for next year's Roth IRA contribution, so I won't use the tax refund there.
- I had analyzed projections of paying down my mortgage vs. investing in a regular (taxable) account, and I had decided to invest in a taxable account because, over the long run, the projections indicate I have a better chance of coming out ahead investing. So this $300 will get invested in one or more of the mutual funds I hold, according to my investment strategy.
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