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Old 02-10-2015, 11:21 AM  
El Jefe El Jefe is offline
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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?
Last edited by El Jefe; 02-10-2015 at 11:25 AM.. Reason: I meant 2500 not 250k
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Old 02-10-2015, 11:22 AM   #2
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Old 02-10-2015, 11:23 AM   #3
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Old 02-10-2015, 11:24 AM   #4
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Old 02-10-2015, 11:24 AM   #5
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Old 02-10-2015, 11:25 AM   #6
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Since my refund is primarily from the $2500 education credit, it's probably going right back into paying tuition
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Old 02-10-2015, 11:26 AM   #7
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Old 02-10-2015, 11:27 AM   #8
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So, ya gettin' 2500k back???? I think putting in $500 here and there is little on the low side. But that's just me.
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Old 02-10-2015, 11:27 AM   #9
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Old 02-10-2015, 11:28 AM   #10
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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.
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Old 02-10-2015, 11:29 AM   #11
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Old 02-10-2015, 11:29 AM   #12
El Jefe El Jefe is offline
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Originally Posted by Frosty View Post
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.
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Old 02-10-2015, 11:30 AM   #13
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It sucks that you lose the $1000 child tax credit just as the children get super expensive.
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Old 02-10-2015, 11:30 AM   #14
El Jefe El Jefe is offline
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Originally Posted by Dicky McElephant View Post
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.
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Old 02-10-2015, 11:31 AM   #15
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Originally Posted by El Jefe View Post
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.
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