somehow that is what we are getting...... my hubby made 22k last year and we have 3 kids and it somehow worked out that were getting a refund of 10k. i know child tax credit played a role but that is still a hell of a lot more than what we anticipated! anyway he wants to save it all...every last penny....and i want to pay off some loans, that way, we will have very little monthly expenses. such as his car loan, we owe 6k on it and yea that wouldnt leave us with much but his monthly payment is over 300 dollars and we live on a very small income so it would be so nice to eliminate that! i wish we could pay our landlord the rest of it in rent and be paid up for a few months......LOL! so what are you doing with your refund? what would you do with this much money!?!!?!?!
Asked by Anonymous at 9:52 PM on Feb. 19, 2011 in Money & Work
Answer by mevxoxo at 10:27 PM on Feb. 19, 2011
Answer by missanc at 9:55 PM on Feb. 19, 2011
Answer by tobys.mommy at 9:57 PM on Feb. 19, 2011
Answer by dancinintherain at 10:02 PM on Feb. 19, 2011
Answer by Bmat at 10:04 PM on Feb. 19, 2011
WOW - such good news! It is always best to pay off debt first instead of saving. Right now the interest rate on almost any type of savings account would only be about 1 percent and a checking account would pay even less. I'm sure your car loan is at least 6 percent so you are paying a lot in interest on that loan. It would be best to pay off the car loan and any thing left should go in to a savings account for future emergencies....not fun, well maybe a pizza and movie night for mom and dad would be ok.
Answer by suijuris at 10:10 PM on Feb. 19, 2011
Answer by LovingSAHMommy at 10:17 PM on Feb. 19, 2011
Answer by L0vingMy3Girls at 10:20 PM on Feb. 19, 2011
Answer by Nanixh at 10:34 PM on Feb. 19, 2011
Answer by 5150mama at 10:36 PM on Feb. 19, 2011
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