Suzanne O’Connor’s Bargains LA

Tax Refund!

Yippee!
This year, for the first time in our entire lives, Hubby and I are getting a tax refund.
Yes the Home buyers credit helped, but it was the icky economy that ultimately is the source of this unexpected windfall. So whatta we gonna do with these dollars?

With all our expenses from moving and our home upgrades we did use our credit cards. With the economy still in flux, our health insurance costs and monthly expenses going up, paying off our credit cards is the most cost effective, logical thing to do.

So we are planning on using the monies to pay off the credit cards and then lock them away in our safe deposit box.

Yes, we would rather buy a newer car, take a vacation, continue our home improvements or just have a plain old-fashioned shopping spree. But we feel in the long run, we’d do better financially with less debt.

So what are your plans for your tax refund?