What do you do with your tax return? - Page 2

[lilyka]

I get about $8000 (mostly credits so reducing what I pay in is not an option) and usually take about $1000 to  buy things we need and have a  little fun and then the rest goes towards the debt.  This year I need to redo my kitchen and that will take about $2000.  I will use a little for pascha and the rest will go towards debt.

[Paigekitten]

We will be paying school loans with it.  Last year we had to live on it and I was so bummed not to be able to put it toward debt.

[cappuccinosmom]

We throw it into our checking account, which doubles as a savings account for us (great interest rate, yay!).  Usually stays there until our insane property taxes come due, and gets used for that.  Or for car repairs.

[Mulvah]

Sometimes it will go towards a home improvement, sometimes it will go straight to the mortgage, and sometimes it will go towards both.

Edited by Mulvah - 11/9/11 at 5:28am

[zebra15]

Savings then to bills... I can usually make it last until june/july

[Krystal323]

ours usually goes to paying off all the stuff we had to rack up during the year cause we didn't have money for it at the time, sigh.  most every spring we start off with no CC debt, and by winter it's up there again   someday this cycle will break...!

[gypsymama2008]

We put $1000 in DD's college savings account and the rest goes into savings.  We're boring :)

[Ellien C]

Originally Posted by Krystal323 

ours usually goes to paying off all the stuff we had to rack up during the year cause we didn't have money for it at the time, sigh.  most every spring we start off with no CC debt, and by winter it's up there again   someday this cycle will break...!

you know you can adjust your withholdings so you have more to spend throughout the year and get smaller (or ideally no) return, right?

[mylilmonkeys]

I has usually gone to CC and/or house repairs.  The CC are gone now.  Yay!!  This next year we will be buying a late model, full-size van.  The following year will probably go to replacing the roof.

[mamarhu]

I hope to trade in my big, old, clunky, dying, gas-guzzling mini-van and downsize to a safe, reliable, economical car, maybe even hybrid.

[cristina47454]

We set up our sinking funds for the rest of the year.  DH is finally getting a regular paycheck, but things are still tighter than I'd like.  This helps my security gland. Remainder will go towards credit cards.  REALLY REALLY want to be debt free!