Tax Refund

Kupuggie

What do you do with yours? Another message board I frequent I was surprised to see how many people just spend it on clothes, etc. Like the WHOLE thing. I usually take 100 out of mine and spend it on anything I want, but everything else goes into our savings account.

Pookums

Directly into savings usually unless we have a house project we would be pulling the funds from our savings account for anyway. This year the small amount we are getting is going to day care savings.

Mitzzi23

What's a refund? If we got one we would have used it to pay off a credit card or to cover us since my summer school is going to be less than usual.

brie&drew

Drew's company doesn't take out enough for his state taxes, so a chunk of our federal refund the past three years has gone to covering that. He's going to talk to his payroll dept to see about fixing it.

Once that's taken care of, we usually do a really nice dinner out, and then the rest goes into savings. Especially now with student loans looming in the not so distant future, building up the savings is very appealing.

Oct08b2bee

Our refund (if any) goes straight towards the principle on our mortgage.

moviesprincess

Pretty much our refund and any bonuses we get goes into our saving account. Right now everything in savings is divided by percentage into general savings, house down payment and travel fund.

FutureMrsNAH

Ours (as little as it is) just goes into our savings. This year our TV pooped out (last week) so we ended up spending most of it on a new one.

aleesh19

Savings, principal on the house, car principal, and travel

SSM&JLM

Our embarassing large refund is going toward tile and installation on our bathroom remodel.  It's really savings though, it's just nice to not have to pull from the home improvement fund and instead use the refund.

We really should adjust ours more, but DH is all worry wart about owing.  I adjusted my with holdings a little and then just upped my savings allotment from my paycheck for the increase.

Pookums

SSM&JLM:

Our embarassing large refund is going toward tile and installation on our bathroom remodel.  It's really savings though, it's just nice to not have to pull from the home improvement fund and instead use the refund.

We really should adjust ours more, but DH is all worry wart about owing.  I adjusted my with holdings a little and then just upped my savings allotment from my paycheck for the increase.

I still have to adjust ours big time. Mine is too little (I would have owed) and dh's is a LOT.

shelley1002

Put it into savings.  We'll use it a little of it for a home improvement project, but DH is a financial worrier and with me having been laid off twice in the past 4 years he wants to keep a good amount of savings so we don't have any financial issues.

mrsbaecker101108

We used part of it for the down payment on our car.  The rest went towards CC.  For the last few years we have put it towards CC.  But since that will be gone by the end of May, next year it will most likely go to savings.

lolabright

Ours always goes right into savings. The last two years, we have used some of it to pay our state's tax.

LindsayM

We usually take out 10% for "fun money" to spend on clothes, a night out, etc. and then put the rest in savings. However, this year we actually used it to some new furniture that we needed.

PlumCallaLily

This year, it's going to paying for L's surgery and my fertility treatments 

 

Usually, we use it for home improvements and savings. 

tshott

If we ever get ours, it'll be used to pay off some of the basement project, and go into savings.

crows1920

the $ we got b/c we had zoey goes into her bank account, the rest gets divided up to random things. we try to plan it so we don't get too much back though. we'd rather spend our money while we are making it

SSM&JLM

Pookums:

SSM&JLM:

Our embarassing large refund is going toward tile and installation on our bathroom remodel.  It's really savings though, it's just nice to not have to pull from the home improvement fund and instead use the refund.

We really should adjust ours more, but DH is all worry wart about owing.  I adjusted my with holdings a little and then just upped my savings allotment from my paycheck for the increase.

I still have to adjust ours big time. Mine is too little (I would have owed) and dh's is a LOT.

DH is all worried about the mortgage interest deduction going away.  Last year we had the energy credit, this year we'll have a lot of donations.  Plus all of our retirement contributions.  I don't know where he gets the worry from, but I have to pick my battles.

WildcatPrincess

We used it to pad our savings since we were going in for pre-approval soon after the check came. Normally we use it as an extra huge payment on one of our school loans.

autumn wren

Ours usually goes straight to our savings account, but since this is our first year in the new house, it went to getting new living room furniture (which we needed...the other was broken and on its last leg) and paying off Rusty's credit card since I've already paid mine off. We finally sold our old house, so we recieved profit from that as well, so it made up for it and now that money is in savings.

I couldn't imagine spending all of that on clothing. What the heck! Rusty would kill me. The rest of the money will be saved for emergencies and for when we have a baby...

shyntrue

Usually into savings.  This year we are paying down our mortgage.  If I ever get another job, my paycheck will probably go mostly to the mortgage.  We want to finish paying for this house asap.  Then we will have extra money for fun things.

jpfeifer

What's a tax refund?  We are DINKS and rent, so the "Married filing at the Single rate" and 0, we still owe - mf-ers.  It really annoys me that because we decided we didn't want kids yet and don't own a home, we pay more (well, it feels like we pay more than others we talk to who file Married at Single rate and 0). 

MrsStreff

Ours goes into savings or pays part of a CC off. I still haven't done them this year because I was stressing out about them, so I made an appointment today!!! finally...