To preface -- I don't want to get into a political discussion about highways, debts, blhh, blah, blah. The deed is done. If you pay taxes, you meet the income threshold and you don't owe the governemnt in back taxes or the like, then you will get a refund. So...

What are you gonna do with it?

I am gonna use my $300 to pay off the last of my debt. Bye bye, credit cards! With the money I will save on paying interest, I will save up for a rainy day.

What are your plans?

RG

Pay off debt.

It's going straight to the e-fund.
Dave

Going into my son's college fund

Goes directly to the e-fund, does not pass go....

This is considered "found" money in our house. All found money goes directly to the e-fund.

I just love that little bump!

Cheers,
Trill

It's going straight to Discover.

neenieca

We'll never see it -- it'll be applied to hubby's back taxes, and hasten the day we are free of debt to the feds.

Let's see...

CC Debt..........$0
Student loans....$0
Personal loans...$0
Collections......$0
Savings..........enough
Investments......limping along

Tax Refund.......San Jose Sharks Season Tickets Baby!

Sorry to break the streak of "Sensible things to do with your refund"

Assuming I get one before I die (there will be a delay because we sent in the copy of our return that *didn't* have our signatures on it, so our return took longer to process), we'll probably take $50 to do something frivolous and dump the rest into credit card debt.

- Kilbia

Pay real estate taxes and homeowners insurance.

Pay for upcoming ski trip to Whistler.

Savings account for the house downpayment.

Put most of it into savings for my next car-related brouhaha. (ha ha ha!) And maybe I'll buy some Magic cards or something. (1 Vote savings, 1 Vote fun)

Savings account for emergency fund / house down payment.

--AF

What are you gonna do with it?

Probably not anything special right away. My current high priorities are debt paydown and emergency fund buildup, but I am also out of work so everything is in limbo. If I get offered the job I interviewed for yesterday, then things will be a little better. I'll probably just stick it in my efund for now, but when things settle will likely put it toward a credit card.

d

Top off my Roth IRA for the year

We have already budgeted for a new roof for our house. The old one is 30 years old, and although not yet leaking....it's time to replace it. The $600 (assuming that indeed we *do* get that much) will pay for the dumpster we need to rent, and a few supplies towards the roof. The "savings" will just stay in our investment account, from where we're drawing the rest of the roof money.

We have already budgeted for a new roof for our house. The old one is 30 years old, and although not yet leaking....it's time to replace it. The $600 (assuming that indeed we *do* get that much) will pay for the dumpster we need to rent, and a few supplies towards the roof. The "savings" will just stay in our investment account, from where we're drawing the rest of the roof money.

Ann, is it a single roof, or does it have a 2nd layer?

The reason I'm asking is because my roof is more than 30 years old, and while I'm tempted to replace it, I just refuse to use the money towards it because I believe there's more life in the roof. In fact, I've had 2 estimates, and each roofer (to my surprise) was very honest and told me that while they'd love the job, they'd recommend waiting, as they believe I could get several more years yet out of it.

If this is similar to yours, you might consider putting away the money you'd be spending for awhile and let it grow a little in the meantime.

Just my 2c :-)

Tony
...but I still am...

Off2Aruba

Hi all,
Buy 600 lottery tickets-(just kidding Tony). Pay for a timing belt to be put on my car and the rest for credit card debt!! :-)
Connie

Tax Refund.......San Jose Sharks Season Tickets Baby!

That is outrageous! I can't believe you would squander your money like that! My refund is going for something much more sensible:

St. Louis BLUES season tickets!

Watching the Blues pummel the Sharks in the playoffs: Priceless!
:-)

-Matt

Watching the Blues pummel the Sharks in the playoffs: Priceless!

The Lowly Sharks v. the Mighty Blues...so far one apiece...Not too bad for the perpetual underdogs.

Owen Nolan lets it go from the blue line with 10 seconds left in the period...past Turek, SHARKS SCORE!!

Sorry, just reminiscing a bit.

Say good-bye to $600 worth of debt.

Buy 600 lottery tickets-(just kidding Tony). Pay for a timing belt to be put on my car and the rest for credit card debt!! :-)

LOL! I know you're kidding, Connie, but I'll bet you some people will blow it like that.

True story...this afternoon I had to run out to the store to pick up some bread and the lady in front of me was telling her friend how their "$600 will be used for the slot machines in Atlantic City this weekend."

Sad, huh?

Tony
...but I still am...

Off2Aruba

We have no e-fund, but we do have an e :(

We'll add it to the money I'm scrounging to get our roof fixed before snow flies again, and ice-dam proof it.

MHF

$300?

That's easy.

That's 150 nights with a $2 prostitute!

milleniumfalcon
Did I say that out loud?

Hear it for the atlanta thrashers. (never been to a hockey game, maybe i will do that with my get out of debt reward). No refund, that goes to pay my most feared creditor. The irs.

>>Say good-bye to $600 worth of debt.

I vote for Good Riddance.


Mike
{A person who sometimes write the words bloodsucker in the memos on checks to some creditors}

$300 is going toward CC debt. $150 is going toward a NEEDED paint job on Husband's truck, and $150 on fall office clothes for me. :)

gOOD fOR YOU nEE11

Mine is going to my new efund. Also thanks for the book list. My next title is the richest man in Babylon.

Sean

Well, DW's automatic reaction to any extra money at all is "oh goody, what can I buy?"

(Mine is "oh gee, now what will she buy? and where will she put it?")

But we've talked this over and finally settled on her getting a third of it. I get to add the other $400 to our investment accounts.

Put most of it into savings for my next car-related brouhaha. (ha ha ha!) And maybe I'll buy some Magic cards or something. (1 Vote savings, 1 Vote fun)


Hey, another M:TG player??? Cool! I'm very casual in my playing, but, I do enjoy sitting down and playing once every three months or so.

Gwen

$300?

That's easy.

That's 150 nights with a $2 prostitute!


OOOH! Drug and hooker money! I should start counting every time I see a reference to one or the other! *wink*

Gwen

Congrats on starting the efund Sean!! Let me know how you like Richest Man in Babylon. Today I got Why Smart People Make Big Money Mistakes And How to Correct Them and it looks GREAT!

I'm going to look for Your Money or Your Life at the used book store, as soon as I can get over there.

neenieca

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.