I have always just put my tax refund into my bank account and spent it without a second thought, but last year I put it into a high yield online savings account for the first time. I've been watching the interest compound over the past year and I'll be using it to help pay for my certification exam when I graduate from Physical Therapy school this May! I'll be doing the same this year as well.
I received a rather large refund in 2009 due to the first time homeowners tax credit. I used most of it to pay off my car, which was three years old at the time, some in savings - can't remember what I spent the rest on. Unfortunately I no longer own that home, but I still have that car!
I advertised a bike on Craig's list and got a reply from a person calling themself Mike Cambill asking for details (were on the ad anyhow).
At first I was delighted,but on reflection I noticed the unusual selling and grammar in places. My suspicions were confirmed when he called himself a set administrator in the film business, and saying if I would send him my details (also in my ad) he would send the money, sight unseen.
Of course the next step would have been for me to send my bank details to receive the money.
Guess what, I haven't replied!
John W.
It just depends on what is right for every individual. I'm a little claustrophobic in some too small, too cozy of spaces. I did live in a efficiency apartment that was smaller than some hotel rooms I've lived in. It had one of those Murphy beds that pulled down from the wall unit, a tiny kitchen, with an under the counter fridge, and a bathroom that was so tiny... UGH! If I had a couple of friends over it was feeling crowded in that apartment. Nowadays me and my family have a 5,000 sq foot home. I have a husband, and four children. Frankly, I'm certain we could live in a 3,000 sq ft home. (My husband complains about a lack of space with 5,000 sq ft.) We have game tables, a home gym area, and home school our kids. A small residence wouldn't fulfill all of our needs.
How come no one ever writes about the Philippines when writing these expat stories. I've read lots of these, and never once seen any that suggest The Philippines as a low cost , exciting place to retire .
We added our tax refund money to our Capital One Investing account. The funds are already invested. We also plan on transferring the assets in this account to Fidelity, in order to achieve a 50k miles points bonus from American Airlines.
My husband and I have learned that any refund is divided in half. The first half goes to pay down immediate expenses and debt. The second half is applied to our every-other year vacation fund. We pay our vacation in full before going (transportation costs, any tickets, meal plans, etc.) Then anything left in the vacation fund is applied to debt.
We try not to get a refund - pay ourselves instead of Uncle Sam. If by chance we do get a refund, the money goes into savings. We budget for fun and entertainment so refunds are just another way to reach our goal of early retirement.
So many things wrong with the "103 Things You Should Throw Away" article. At first I thought they meant "throw away" as "get rid of" as in give away, donate, sell, reuse but no, because a couple times they did mention donating. It's clickbait.
I have always just put my tax refund into my bank account and spent it without a second thought, but last year I put it into a high yield online savings account for the first time. I've been watching the interest compound over the past year and I'll be using it to help pay for my certification exam when I graduate from Physical Therapy school this May! I'll be doing the same this year as well.
This is useless your just replacing things your supposed to find it not replace it
I usually put my refund into savings.
I received a rather large refund in 2009 due to the first time homeowners tax credit. I used most of it to pay off my car, which was three years old at the time, some in savings - can't remember what I spent the rest on. Unfortunately I no longer own that home, but I still have that car!
Any refund goes toward paying off current bills or saving for birthday/holiday gifts.
I think we got a refund once and it was added to our mortgage payment.
I advertised a bike on Craig's list and got a reply from a person calling themself Mike Cambill asking for details (were on the ad anyhow).
At first I was delighted,but on reflection I noticed the unusual selling and grammar in places. My suspicions were confirmed when he called himself a set administrator in the film business, and saying if I would send him my details (also in my ad) he would send the money, sight unseen.
Of course the next step would have been for me to send my bank details to receive the money.
Guess what, I haven't replied!
John W.
Awesome. Really helpful. I implemented all the points and got really good results. Thanks
Thank you very much for hope full article and really nice.
It just depends on what is right for every individual. I'm a little claustrophobic in some too small, too cozy of spaces. I did live in a efficiency apartment that was smaller than some hotel rooms I've lived in. It had one of those Murphy beds that pulled down from the wall unit, a tiny kitchen, with an under the counter fridge, and a bathroom that was so tiny... UGH! If I had a couple of friends over it was feeling crowded in that apartment. Nowadays me and my family have a 5,000 sq foot home. I have a husband, and four children. Frankly, I'm certain we could live in a 3,000 sq ft home. (My husband complains about a lack of space with 5,000 sq ft.) We have game tables, a home gym area, and home school our kids. A small residence wouldn't fulfill all of our needs.
We usually put it in savings or use it to pay bills.
How come no one ever writes about the Philippines when writing these expat stories. I've read lots of these, and never once seen any that suggest The Philippines as a low cost , exciting place to retire .
We usually have a nice dinner or pay a small bill. We don't usually get very much back.
Paying down debt when we had it. Haven't gotten a refund it several years.
What if I wanted to make hamburger buns with this recipe how would that be done since you say it is like a cake batter
We added our tax refund money to our Capital One Investing account. The funds are already invested. We also plan on transferring the assets in this account to Fidelity, in order to achieve a 50k miles points bonus from American Airlines.
My husband and I have learned that any refund is divided in half. The first half goes to pay down immediate expenses and debt. The second half is applied to our every-other year vacation fund. We pay our vacation in full before going (transportation costs, any tickets, meal plans, etc.) Then anything left in the vacation fund is applied to debt.
I am going to use my tax refund to build back up my savings after paying off my mortgage!
I pay quarterly so my refunds are usually quite small or sometime I owe. If I do get money back, I put it in savings.
This is year I used part of my refund to fund my 2016 IRA, and the rest to pay bills.
We try not to get a refund - pay ourselves instead of Uncle Sam. If by chance we do get a refund, the money goes into savings. We budget for fun and entertainment so refunds are just another way to reach our goal of early retirement.
So many things wrong with the "103 Things You Should Throw Away" article. At first I thought they meant "throw away" as "get rid of" as in give away, donate, sell, reuse but no, because a couple times they did mention donating. It's clickbait.
On Lotto Tickets and Rum!
lol I never have a refund to spend!
Last year I bought clothes! This year I'm putting it towards the travel to various friends' weddings.