what do you plan to do with your tax return money?

[Engineer]

Originally posted by: timswim78
Putting mine into a mutual fund.

:thumbsup:

 

[Viperoni]

pay off car insurance, and if there's anything left, CC debt. Gotta love debt.

 

[Insane3D]

Originally posted by: spidey07

Originally posted by: Insane3D
No, I'm not young, and money is not as important to me as it is to you apparently. Please, don't try and come in here and patronize me ok spidey man?

The closest I get to investing is my 401k, and that will be it. I chose to not invest in the stock market...period. I put money in my 401k and ING, and that's fine for me.

So, in short, please keep your "I know best" smug attitude to yourself...k?

Gotcha.

I was only trying to tell you what I wish so badly somebody had told me a long time ago.

whatever works for you.

You know what, I think I reacted a little to strongly to your posts....I sometimes get that way when I think someone is telling me what to do.

Anyhow, I think your advice is good advice, and I was really just speaking about the $1k or less refunds. I'm not big on investing in the stock market, but I realize it can be a good thing for a lot of people. I think we actually are more on the same page than we might think.

Sorry if I got a little caught up in the argument...it just seems every year in these threads if anyone has plans to spend their refund, it gets into this whole argument.

Cheers. :beer:

 

[Jeff7]

Tuition.


It's just my money anyway. The government's just been hanging onto it for all this time.

 

[spidey07]

Originally posted by: Insane3D
You know what, I think I reacted a little to strongly to your posts....I sometimes get that way when I think someone is telling me what to do.

Anyhow, I think your advice is good advice, and I was really just speaking about the $1k or less refunds. I'm not big on investing in the stock market, but I realize it can be a good thing for a lot of people. I think we actually are more on the same page than we might think.

Sorry if I got a little caught up in the argument...it just seems every year in these threads if anyone has plans to spend their refund, it gets into this whole argument.

Cheers. :beer:

Yeah, that whole talking about money brings out the worst in all of us.

thankfully we have a little bit to buy a......
:beer:

 

[tk149]

Originally posted by: Engineer

Originally posted by: tk149

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

While I agree that every penny counts, you would not get the $1,000 at the first of the year. Because it was spread out over the year, you would have gotten much less than $1,000 * .25 interest. Regardless, I too would rather have mine during the year (to a point).

I was calculating based on a continual deposit into my portfolio amortized over one year, which is exactly what I am doing now - automatically ripping a percentage from each paycheck and putting it into my brokerage account. If I had that $1000 on the 1st of the year, I would have made a lot more than 25%.

 

[tk149]

Originally posted by: Insane3D

Originally posted by: tk149


$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

First off, if you get $1000 over the course of the year, don't make it sound like you invested the whole thing @ 25% for the whole year. Secondly, I don't invest...period. I'd much rather have a nice little surprise at the end of the year.

I don't get why some people just can't get this simple fact through their head.

I wasn't saying that I got the $1000 up front (although I didn't clarify that in my initial post, sorry). Read my post above.

Some people don't like giving the government an interest free loan. If you do, that's fine. I don't care, but I don't like it doing it myself.

 

[Insane3D]

Originally posted by: tk149

I wasn't saying that I got the $1000 up front (although I didn't clarify that in my initial post, sorry). Read my post above.

Some people don't like giving the government an interest free loan. If you do, that's fine. I don't care, but I don't like it doing it myself.

Oh, ok, I guess you are my hero then.

 

[Feldenak]

Originally posted by: BigJelly

Originally posted by: tbike06
Invest

Same here. Sad I finally get real money (now I pay more in taxes than I made while I was in college) and I never see it. In the last 4 months I've put away $2.3k in my 401k, $8k into my Roth IRA and $5k investing for a home ($5k more in 2 weeks--loaned to my sister to pay off her credit card). But when I'm fat, bald, and old I'll have so much money I won't know what to do with it (at least thats the goal).

Once you get money, you just look for ways of getting more. Well give a mouse a cookie, I guess.

Heh, if in 4 months I put $8k into a Roth....I'd have no money to live on (literally).

 

[Demo24]

I think I will be getting a pretty good one this year. I suspect its going to be put in the big pile of money as I save to pay off my wrx. Might make it happen a month sooner. Means I've got more to play with

 

[SSSnail]

Tax returns? Do such things exist? I've heard of them...

 

[CTrain]

All you "giving the government interest free loan" people don't get it.
This thread is "what do you plan to do with your tax return money?"
Its not a thread about the pros and cons of getting a tax refund.

Most of us already know its better NOT to get a refund.
And most of us already know that the refunds we get are small enough not to make a difference in the investing department.

I just can't stand it every freakin year we get someone excited to get a refund back and we get the same people preaching how "you'll stupid to let the government interest free loan".
God damm it, let people enjoy they refund.

And I like how people are preaching about getting 20-25% return and stuff.
Yeah, its great but its not the norm.
Hell, if I expect to get anywhere close to 15% each year, my time till retirement would be cut in half.

How about just stick to the topic ??
If you want to preach about the subject, how about start another thread ??

As for me, I think I will save that money for my trip to Vegas in July.