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Old 02-10-2015, 11:21 AM   Topic Starter
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, 11:26 AM   #6
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Old 02-10-2015, 11:25 AM   #7
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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, 11:29 AM   #8
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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, 11:31 AM   #9
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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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Old 02-10-2015, 11:33 AM   #10
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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.
Oh, ok, I gotcha. You pay your kids tuition? Dag gone, I have never heard of anyone doing that. My parents pretty much told me, be sure of what you want to do, because you are taking a loan out on your future. Similar sentiments were given to my wife when she got her BSN.
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Old 02-10-2015, 11:34 AM   #11
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Oh, ok, I gotcha. You pay your kids tuition? Dag gone, I have never heard of anyone doing that. My parents pretty much told me, be sure of what you want to do, because you are taking a loan out on your future. Similar sentiments were given to my wife when she got her BSN.
Yep....I was told from a young age that if I wanted to go to college....it would be on my dime. I'll be saying the same thing to my daughters (well....as long as they go to an out of state school). In state is covered by the VA.
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Old 02-10-2015, 11:37 AM   #12
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Oh, ok, I gotcha. You pay your kids tuition? Dag gone, I have never heard of anyone doing that. My parents pretty much told me, be sure of what you want to do, because you are taking a loan out on your future. Similar sentiments were given to my wife when she got her BSN.
Not all of it. However, underclassmen are severely limited on how much they can borrow on student loans ($5000 the first year, iirc). So we didn't have much choice.

If my youngest gets into Stanford or one of the Ivy League schools he applied to, we will only have to pay room and board because we are poor.
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Old 02-10-2015, 11:27 AM   #13
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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, 11:32 AM   #14
El Jefe El Jefe is offline
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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.
Yeah, I am getting the education credit. I hear you on the $500 being pretty low, but this year has not been a good one as far as money goes, we had a ton of expenses in home repairs, car repairs, and then we got smashed pretty good on medical bills (about 10k even with good insurance).
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Old 02-10-2015, 11:27 AM   #15
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