Taxman Cometh | The Frugalista

Taxman Cometh

by frugalista on April 10, 2008

Tax20man_2 April 15th is just around the corner. Have you filed your taxes? I filed mine already and have gotten a refund. I mailed today a $1,000 check to my credit card, courtesy of the refund. Mini-yay.

If you live in Broward, here are some free sites that will prepare your taxes. If you live in Miami-Dade, here are a few for you, too.

If you are one of my lovely, national readers, click here for info on free tax preparation sites. You may be eligible.

If you want to see if you get an economic stimulus payment, click here.

If you are eligible for the economic stimulus payment and want to know when you will get the money, click here.

I am eligible for the stimulus payment. All of the money from it will go right to el credit card. Can’t wait until May.

If you are eligible for the stimulus payment, what will you spend the money on? Will you save, buy something nice or pay down debts? Let’s talk about it.

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{ 8 comments… read them below or add one }

KO April 10, 2008 at 11:50 am

I am constantly aching about what to do with extra “bonus” money. I have lived on the edge, paycheck-to-paycheck, for so long that having a cushion in the checking account is so comforting. I often stress about what to do when I get this extra money – do I pay down my massive credit card bill (and I do mean massive), or keep building this cushion in case something happens? The answer doesn’t seem so obvious, when once not so long ago overdraft fees were the norm.

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Frugalista Files April 10, 2008 at 12:01 pm

KO, that’s the age-old question. I loved having the extra money sitting in my account. I felt flush. But really, I promised myself and the readers that I would really work to get rid of the credit card. I’m doing the frugal thing so I can give myself economic freedom. I just wrote the check and mailed it off. I am forced to be smarter with spending. My ‘lil cushion is gone.

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Coco April 10, 2008 at 12:02 pm

The refund goes straight to the “Massa-card.” By the time I get my “economic stimulus” I should be finished paying for my credit card and student loan (I know, I just won’t shut up about August.)
I’d like to do something fun with it, but it may go to my nearly depleted savings.

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Jasmine April 10, 2008 at 12:03 pm

I’m determined to keep my tax return in a savings account. But, of course, I plan to spend the stimulus check on a weeklong trip to San Diego this summer to visit relatives.

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Twiggers April 10, 2008 at 12:25 pm

I owed taxes this year, so no fun spending from that. Our economic stimulus check will be going to either a credit card or refinancing our ARM mortgage that expires the end of May. It depends on how much our closing costs are (should know more next month).

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Product Junkie Diva April 10, 2008 at 1:03 pm

Hey Frugalista,
I am going to save my stimulus check. I am looking into stocks so perhaps I will use some of the money toward that project.
I have already filed my taxes and received one check…still waiting on the other.
Product Junkie Diva

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Mary Sue April 10, 2008 at 2:11 pm

My taxes are sitting here on my desk, because I owe (oh boy howdy, do I owe!) They go in the mail on April 14th.

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Tiffany April 11, 2008 at 8:41 am

I haven’t decided what I’m going to do when I get the stimulus check but it will be one of 3 things:
- extra mortgage payment
- pay down a credit card
- put in to savings
I know the one thing I won’t be doing with it…SPENDING…sorry President Bush but I got bills to pay.
Although, isn’t paying down debt somewhat of an economic stimulus?

Reply

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