I plugged in what I have so far for taxes and it looks like we are getting about $1800 back from federal, I did not do state yet, but usually get about $100-$200 back. Once I get my forms I will efile.
So the first $1K I am going to us to reach my first savings goal of the year, MN trip $1000 (already have $105 saved for it). The remaining $800-$1000 I am still deciding on.....here are my options:
1)Add to EF, this is my 2nd savings goal of the year, and adding $1k to it would get me 1/2 way to my goal for the year of $5K
2)Pay to mortgage principle, this would take about another 6-7 months off the life of the loan
3)Put in checking to give myself a little more wiggle room.....I tend to put too much in savings and towards the mortgage and leave too little to work with so a little more room would be nice
4)Last option is a combination of 2 or more, like 1/2 to the EF and 1/2 to the mortgage
I am leaning towards #1, but am open to suggestions!
Running the tax numbers
January 7th, 2010 at 12:49 am
January 7th, 2010 at 12:52 am 1262825524
January 7th, 2010 at 01:04 am 1262826294