Well it is that time of year where we all run around manic trying to get our tax return filed. Long nights of receipt gathering, calculations, and column entries emerge. If you have been organized from the beginning, then chances are your return has already been filed. You are now waiting for the direct deposit to show it’s face on your bank account statement. Oh the anticipation!
The question is though, how will you spend it? Will you distribute it amongst your top priorities or will you put all of your ‘eggs in one basket?’ Well, here is our plan:
- $750 to the Emergency Fund
- $1000 to the Vacation Fund
- $1000 to the Short Term Savings Fund
- $3250 to the Line of Credit
We both feel this is a fair distribution that best meets our current goals and also addresses some of our current areas for improvement.
So how will you spend your tax return? What are your goals?
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