We are lucky enough to already have our taxes done and filed. I anticipated that we would get a refund (which we’re OK with). Now the idea is how are we going to apply our 2017 tax refund.
Our goal with our tax refund has always been a mix of things.
- Boost Savings Goals. When there is something big we’re saving for, money gives us the chance to help things along. This has helped us when we needed big projects done around the house. Examples: A new roof a few years back or exterior painting last year.
- Offset Spending Needs. If there is spending we know we are going to do regularly, sometimes this can give it a push.
- Repair. Getting this fixed or maintained is something I’ve always used when applying refund dollars.
- Enjoyment. As you’ll see below, putting our refund to use for vacations is a strategy we use.
Without going into exact figures, here’s how things shape up:
- Vacations. We are allocating roughly half of our refund toward vacation funds. This actually applies to four different areas:
- Our 2018 Disney Trip. We’re going on a trip next month and this will help complete the payment.
- A 2019 Florida Trip. Disney is a treat this year. Normally, we rent a condo down in Florida. We’ll have to put a deposit down a year in advance. This will fund that deposit.
- Anniversary Trip. We sometimes go away for a weekend around our anniversary. This will help set money aside for next time we do this.
- Camping Trips. This helps fund our summer trips. What we put aside will fund about 10 days of camping. That definitely helps!
- New Camper. We’ve had our current camper for around seven years. It was used when we bought it. Eventually we’d like to look at an upgrade.
- Car Repair. Throwing a little toward eventual car repairs and maintenance? Why not?
- Home Repairs. We don’t have any projects planned. This will help with any just-in-case things, or for future projects.
- Kids Activities. This is for things like summer camps and such.
- Repairs. We have two things we’d like to get repaired or in for regular maintenance.
- Lawn Mower
- Clock. I have an antique clock wind-up clock that needs repair. It’s likely over 100 years old and is a family heirloom.
Boring And Proud
This might sound like a pretty boring list. In fact, it really is. But, I’m kind of proud of that! I would like to think that this is helping us get a mix of several things. We are using it to enjoy ourselves. We are using it to take care of our stuff. And, finally, we are using it to save for future goals.
If that’s boring, then sign me up!
Readers, what are you doing with your refund money this year?Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.