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-   -   Money What are you going to do with your tax return money? (https://www.chiefsplanet.com/BB/showthread.php?t=290525)

El Jefe 02-10-2015 11:21 AM

What are you going to do with your tax return money?
 
Inb4 taxreturnsareforthosewhodontknowhowtoinvest.
inb4Ialwaysendupoweing
inb4youareanidiotifyougetmoneyback

Anyways, for those of us who are getting money back, what are your plans for it? I fortunately am going to be getting almost all the money I spent out of pocket finishing my BBA last year, roughly 2500. I am going to take $500 and put it into my portfolio (small, but growing), take another $500 and put into my rainy day fund. I think I will take $1000 and pay down some bills we have (couple medical bills and pay some towards my wife's school loan). I will probably use $150.00 of the leftover to take my wife to Texas De Brazil (freaking love that place), I also need to replace my windshield in my civic which got cracked this winter, I will probably buy a couple books and a couple DVD's. I also need to buy some points for my 53 Ford Jubilee, and I would like to buy a Fiskars X27 axe, because I have a 40 foot ash tree cut down and sectioned, but not split. Plenty of others things to consider as well.

What about you guys?

saphojunkie 02-10-2015 11:22 AM

Blow it all on hats.

SPchief 02-10-2015 11:23 AM

Hookers and blow. It's free money, might as well enjoy it.

BlackHelicopters 02-10-2015 11:24 AM

Hookers and blow.

BlackHelicopters 02-10-2015 11:24 AM

Damn it.

Frosty 02-10-2015 11:25 AM

Since my refund is primarily from the $2500 education credit, it's probably going right back into paying tuition

SPchief 02-10-2015 11:26 AM

Quote:

Originally Posted by theelusiveeightrop (Post 11320028)
Damn it.

Q

bobbymitch 02-10-2015 11:27 AM

So, ya gettin' 2500k back???? I think putting in $500 here and there is little on the low side. But that's just me.

In58men 02-10-2015 11:27 AM

Some of the money is going towards Lambeau!!!


Jelly?

The Franchise 02-10-2015 11:28 AM

We send my daughter to a private school and part of the requirements for her school is that each family purchases $2000 in "scrip" throughout the school year. It's basically giftcards to different stores that the school gets a certain percentage of. We usually wait until tax time and then buy $2000 at once instead of trying to nickle and dime it throughout the year. Then our home warranty is $450....so we'll take care of that. This year we'll be basically putting whatever is left into savings because the wife is getting out of the military and we want to have something in savings if something happens.

TribalElder 02-10-2015 11:29 AM

Swag bitch


<iframe width="640" height="360" src="http://www.youtube.com/embed/nOntDfyG_uQ" frameborder="0" allowfullscreen></iframe>

El Jefe 02-10-2015 11:29 AM

Quote:

Originally Posted by Frosty (Post 11320030)
Since my refund is primarily from the $2500 education credit, it's probably going right back into paying tuition

Same here, but I think I am going to take a break and do my grad program in a year or two. I just don't feel like taking our more student loans or hemorrhaging more money out of pocket do go right now. We have been hammering down my wife's student loan and finally got it down to $8800 and I don't feel like adding a 20k one to that lol.

Frosty 02-10-2015 11:30 AM

It sucks that you lose the $1000 child tax credit just as the children get super expensive.

El Jefe 02-10-2015 11:30 AM

Quote:

Originally Posted by Dicky McElephant (Post 11320038)
We send my daughter to a private school and part of the requirements for her school is that each family purchases $2000 in "scrip" throughout the school year. It's basically giftcards to different stores that the school gets a certain percentage of. We usually wait until tax time and then buy $2000 at once instead of trying to nickle and dime it throughout the year. Then our home warranty is $450....so we'll take care of that. This year we'll be basically putting whatever is left into savings because the wife is getting out of the military and we want to have something in savings if something happens.

They require you to spend 2k on giftcards? Holy hell, that's a lot of money.

Frosty 02-10-2015 11:31 AM

Quote:

Originally Posted by El Jefe (Post 11320044)
Same here, but I think I am going to take a break and do my grad program in a year or two. I just don't feel like taking our more student loans or hemorrhaging more money out of pocket do go right now. We have been hammering down my wife's student loan and finally got it down to $8800 and I don't feel like adding a 20k one to that lol.

Mine is from paying college tuition for my oldest son. He's only a sophomore this year and my youngest will be going into college next year. :facepalm:


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