September 2008 Weddings
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
tax refund: how'd you spend it?
Ok, time to AW what you bought (or will buy) with your tax refund, or AW how responsible you are!
Go!
Re: tax refund: how'd you spend it?
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We put some to pay off the remaining balance for the cabin for our annual gold prospecting/camping trip that is in July.
Another part of it was for a CC payment for me (triple what I usually pay..horray!)
Then the rest to our DP fund.
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Meh, us too. I think it's only a couple hundred $$ but still, really not happy about it.
I haven't done ours yet and I'm almost positive we're going to have to pay, especially to the state. We've tried hard to minimize the damage but we'll see.
If by some act of God we get some back it's going straight into savings.
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Same for us. I guess its better than the gov't having our money interest free. Still sucks!
Yup. Gotta save up for that DP!
Its in our down payment fund, so I guess we spent it bailing ourselves out of the money we're going to lose on selling our house
If we were not moving, we would have split it between a week long trip & a fence for our yard.
ETA: who am I kidding? if we weren't moving we'd have split it between said fence & my loans.
We had to pay about $3K...due to DH drawing from his retirement to pay off loans when he switched jobs. We thought we were going to get a hefty return this year because of having Levi. But we ended up getting $166 from the state. Maybe next year.
Most of it went back into our savings account to cover my tuition for this semester (I don't qualify for loans because I'm only taking 4 credit hours... you have to take 5 to qualify).The only reason we got money back is because of the Lifetime Learning credit, so it fit.
Then, we each took a little to just spend. Mine went to the Chicago trip. Money well spent!
ETA: We put our state refund (only a couple hundred dollars total) in our house maintenance savings account. The only reason we got a state refund is because Illinois did a property tax rebate to try to offset some of the income tax increase (dumb and regressive, *sigh*). We typically owe the state.
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We paid off CC debt.
Before you go say how responsible we are though, I will tell you what we bought with the CC, KNOWING our refund was coming
1. Week long rental of a house in Glen Arbor, MI for the first week of June this year.
2. Season football tickets to MSU football
3. A bit of a splurge at the Eddie Bauer and Nike outlets in Orlando
4. And a little bit of old debt along with it.
Soooooo, yeah. We paid off FUN debt
Our refund was about $2k LESS this year than last year, and apparently, we are "upper class". HAHA. We were hoping to buy a new chair for our living room, but that smaller refund didn't allow it.
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Okay, this i'll try to keep this short...
WE had bought furniture last fall, planning on using me bonus for it, but then my mom totallyed my car, so my bonus went to the DP of the new car, so the tax refund paid off the furniture, and part went toward trip to boston, until mike gets refunded from work, and then THAT $ will go in savings...and what we had left of refund went into savings.
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I have more CC debt than I'd like to admit to (oops?) between finishing the basement, buying new furniture, having to go back to Mexico...random other expenses we weren't expecting. Sigh. We have to pay in $4XX to state, so our federal refund is only about $850 after paying in to state. I'll put it all toward the credit card debt. Assuming everything goes according to plan, the CC debt will be paid off by next years tax season.
I would love to get a nice chunk back, but I had several piddly W-2s this year, so each individual one put me at the poverty level...meaning very little taxes came out of each check. 2011 will be better.
This was us last year...we owed $5K in combined fed and state. That sucked hardcore.