Save it for a Rainy Day???? (Full Version)

All Forums >> [Casual Banter] >> Off the Grid



Message

MasterJohnSteed -> Save it for a Rainy Day???? (3/16/2013 7:32:17 PM)

I managed to get a significant tax return this year.

I had planned to save it for a rainy day but I look at the money and think to myself I could use this to buy

A Used Laptop.
go on a shopping spree at the gun show.
invest it
or something I haven't even thought of yet.

Anyone have suggestions?



erieangel -> RE: Save it for a Rainy Day???? (3/16/2013 7:36:34 PM)

I don't know.

I got a large return and was going to use to do a rewiring job on the house.

Instead, I used it buy my grand daughter a toddler bed, send my son to the Poconos for his uncle's funeral and to do a major repair on the bathroom. What is left is going in the bank toward the rewiring. (Yeah, I got A LOT back).




littlewonder -> RE: Save it for a Rainy Day???? (3/16/2013 7:38:06 PM)

Well reading your past posts, I would suggest holding onto it. You may need it in the future.



LafayetteLady -> RE: Save it for a Rainy Day???? (3/16/2013 7:40:17 PM)

I was thinking the same thing, lol.



hlen5 -> RE: Save it for a Rainy Day???? (3/16/2013 8:45:22 PM)

Pay off any debts you may have.



Winterapple -> RE: Save it for a Rainy Day???? (3/16/2013 8:46:36 PM)

FR
Personally I would bank it or at least half of it unless
there was something that I really needed it for like
a home repair.



YourBigDaddy67 -> RE: Save it for a Rainy Day???? (3/17/2013 6:20:17 AM)

do as you please



FrostedFlake -> RE: Save it for a Rainy Day???? (3/17/2013 12:58:29 PM)

Buy 100 shares. Sell an option to the market to sell your shares if they go up. Deposit the premium into your account. If the stock goes up this month, the option will be exercised and your shares will be bought. If not, sell another option next month to sell them, if they go up and deposit another premium. If the stock goes up, it sells. If not, that's good too, you can sell another option.

Try to avoid a stock that goes down.



WebWanderer -> RE: Save it for a Rainy Day???? (3/18/2013 6:45:13 PM)

I'd use that money to take a personal finance class at a local community college... I know this may sound counter-intuitive, but getting a large tax refund is actually bad news. That means you gave Uncle Sam an interest-free loan for a whole year and you didn't even get a "thank you" card for it. Read up on personal finance and adjust your tax withholding so you'd get more money from every paycheck and a smaller refund.

Ideally, your tax refund should be $0 and you shouldn't owe IRS anything. Of course, it's hard to get to that round number in the real world, but the closer to 0 your refund amount (or the amount you owe the IRS), the better.



LookieNoNookie -> RE: Save it for a Rainy Day???? (3/18/2013 6:47:54 PM)


quote:

ORIGINAL: MasterJohnSteed

I managed to get a significant tax return this year.

I had planned to save it for a rainy day but I look at the money and think to myself I could use this to buy

A Used Laptop.
go on a shopping spree at the gun show.
invest it
or something I haven't even thought of yet.

Anyone have suggestions?



Mattress/Cyprus.



TheHeretic -> RE: Save it for a Rainy Day???? (3/18/2013 7:45:34 PM)

Use it quick.



Page: [1]

Valid CSS!




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy
0.046875