What are you going to use your tax refund for?

[jhd815]

Re: What are you going to use your tax refund for?

I've already used mine to help pay off cc debt.

[Russell]

Re: What are you going to use your tax refund for?

Some suggestions:

http://money.cnn.com/2005/03/28/pf/taxes/refund/index.htm

and looks like most of us will be spending it on paying off debt:

http://money.cnn.com/2005/03/28/pf/taxes/taxes_debt/index.htm

[joeswife]

Re: What are you going to use your tax refund for?

we used ours to pay down some bills and to buy a diffrent trailer to put at my folks house. its nice to not have as many bills every month.lol.

so i at least feel good we used it smartly.

[sbsake]

Re: What are you going to use your tax refund for?

You should always invest at least 30% of your funds into your self (savings)

[singinjeannie]

Re: What are you going to use your tax refund for?

Ours will almost entirely go toward local taxes. We'll owe $2500 on School Taxes (due in August) $1400 on local real-estate taxes, due right now and an additional $613 due in Borough real-estate taxes. Sigh, sigh, sigh. When all is said and done, we'll have about $210 left. That will go to pay for Baseball fees for my two sons.

How I wish I could use this substantial return to pay off a credit card.

[mom-from-missouri]

Re: What are you going to use your tax refund for?

1/2 will go to the principal on my home mortgage, and 1/2 towards my daughters school tution for the next school year. That means next year I will only have to pay 1/2 of the monthly rate, (as I will pay 1/2 upfront at enrollment time) and that will enable me to put another $100 into my 401K and another $100 each month into our vacation fund, or towards the house, or into the emergency fund.

[jmjj215]

Re: What are you going to use your tax refund for?

Well, I thought we were getting a refund. We actually owed $600. Thank goodness for our emergency fund.

[marjorie]

Re: What are you going to use your tax refund for?

I have no current cc debt, am thinking about selling my house. I could use the money toward fixing it up... but I think I'm going to England instead. I was there only once ,when I was 16. I'm rounding 50 now, and my mom died at 51, my dad at 54, both in the same accident. The relatives who are still alive mostly started getting sick around my age, so I think I want to do this for myself. It might seem silly, but I've been my family's main support since I had my daughter at 22. Now I could actually sneak away for a short time without being irresponsible, and it will prolly be my final big trip.

[34saving]

Re: What are you going to use your tax refund for?

Marjorie -- I think taking a trip after 30 years of being responsible is a great idea, but keep a good attitude and take care of yourself and I bet you'll outlive your relatives!

Singinjeannie -- Where do you live? (I'm guessing NYC, but maybe other places have Boroughs) It sounds like your taxes are crazy!