It's tax season!!

We're among the many Americans that do not "break even." We get an income tax refund each year. We have thought of it as a savings account in the past ...we let the government take our money & "save" it all year, then give it back in one lump sum. I now know the ridiculousness in that way of thinking, & I know my money would be better invested & earning ME interest, rather than THEM. We may change our exemptions at a later time in order to cut down on the possibility of a refund & to collect more of our money throughout the year like we should be, but for now, this is working for us. I think that until we complete baby steps #1 & 2, we need that tax refund.

Soooo... What will we be doing with our money?? PAYING OFF DEBT!!

With our tax refund we paid off a loan that held a lien against my husbands motorcycle (he's now going to sell it to make even more money), paid off my braces, and a small line of credit. With eliminating those 3 things, and canceling insurance on the bike, we have reduced our monthly payments by $342!!! WOOOO! HOOOO!!

Then--- when we sell the bike we will have another $3K-$4K to put toward something else!! No, it won't be one of those fancy C purses or a new tv, but we will be smart with our money & do something that's going to make a difference in our future!

What will you spend your tax refund on?