Got back from the accountants office today, filing income taxes and was very pleasently suprised to learn that I will be getting back over $1,600. This really suprised me since I only paid about $400 in to federal. I guess I am digressing from the purpose of this thread, I would like some ideas on what I should spend it on. I know some of you will say to save it but this type of thing never happens to me so I am going to take full advantage of it.
Thats funny that you said a guitar because I too do a little picking and have been thinking about a new six-string.
Are your bills paid up? How about an emergency fund? How about a training class to 'pamper' yourself in the fine art of better shooting? Pay extra on the house to knock it out sooner? These are just some ideas.
I am very fortunate in that I am a full time student with NO debt now. I also work full time so most of my $$$ goes to bills and to a tuition account I have set up for myself. Most of the money I have left over after bills goes here to ensure another semester of school. I would love to spend it on more GLOCKS but can't. This is why I want to blow it on an unneeded new toy. Its time to be a little irresponsible.
Why can't you spend it on more glocks as you say? If you can spend it on other random things why not what you want? I am getting ammo,safe,car safe,my girl some things and rest rainy day fund.
You need to adjust your withholding. That's over $130 a month you're letting the government borrow interest-free.
It's not like he's going to earn a fortune on interest off $800. Either way, I understand what people are saying. Let's see.... pay bills, take an affordable vacation, buy clothes, buy that dream gun you've always wanted. Personally, if you are doing okay financially I would buy a sweet gun, because it will last forever and you can have a blast shooting it.
I will tell you the same thing I have been telling GT members here for years- ExxonMobil stock. (XOM)
Not really. Since he only paid $400 and is still getting $1600 back, the majority of refund is due to tax incentives instead of a tax refund. And just because he qualified for all those incentives this year, doesn't mean he will qualify for them next year.