Comments on: Your Income Tax Refund: How to Manage it Wisely http://christianpf.com/how-spend-your-tax-refund/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ken http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22247 Ken Sat, 27 Feb 2010 12:42:46 +0000 http://christianpf.com/?p=5411#comment-22247 Good points. Spending the biggest part on debt reduction makes sense. Emergency fund is a must if someone doesn't have one. Good points. Spending the biggest part on debt reduction makes sense. Emergency fund is a must if someone doesn’t have one.

]]> By: Shaun McGowan http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22120 Shaun McGowan Fri, 26 Feb 2010 16:11:28 +0000 http://christianpf.com/?p=5411#comment-22120 Great post, what really important is you know how to handle your finances and discuss your financial activities and status with your family. Great post, what really important is you know how to handle your finances and discuss your financial activities and status with your family.

]]> By: Erik http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22110 Erik Fri, 26 Feb 2010 14:10:07 +0000 http://christianpf.com/?p=5411#comment-22110 Excellent post and a very good set of recommendations. I particularly agree with making the $1000 emergency fund top priority, followed by using the majority of the refund to get out of debt. One small addition: if you’re refund is anything around $1200 (i.e. $100 per month too much paid in), talk to your HR department and adjust your withholdings so you see that $100 more per month in your paycheck instead of (as you so wisely put it) loaning it to Uncle Sam interest free. Excellent post and a very good set of recommendations. I particularly agree with making the $1000 emergency fund top priority, followed by using the majority of the refund to get out of debt. One small addition: if you’re refund is anything around $1200 (i.e. $100 per month too much paid in), talk to your HR department and adjust your withholdings so you see that $100 more per month in your paycheck instead of (as you so wisely put it) loaning it to Uncle Sam interest free.

]]> By: lily chan http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22074 lily chan Fri, 26 Feb 2010 08:59:30 +0000 http://christianpf.com/?p=5411#comment-22074 I'm sorry but I think giving to the church is the least charitable way to give. The money goes back to you in terms of getting your free coffee with your sermon, your organized picnics, any activities, your new pew seats etc. Why not give to people who really need it instead of indirectly spending on yourself and patting yourself on the back for it. I’m sorry but I think giving to the church is the least charitable way to give. The money goes back to you in terms of getting your free coffee with your sermon, your organized picnics, any activities, your new pew seats etc. Why not give to people who really need it instead of indirectly spending on yourself and patting yourself on the back for it.

]]> By: Matthew - www.Adventure-Some.com http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22048 Matthew - www.Adventure-Some.com Fri, 26 Feb 2010 05:57:48 +0000 http://christianpf.com/?p=5411#comment-22048 My wife and I have discussed two different options. She has been wanting a new couch for some time now, and after much searching one has been found that we both like. We also like the idea of putting a small dent in our (still growing) college debt as well. I am all for applying our return to the debt, and my wife is certainly supportive. However, she certainly enjoys the idea of having a new couch (ours is pretty worn). So, we haven't decided what to do with our return. While it will be gone in one fell swoop, it will not be without a plan. My wife and I have discussed two different options. She has been wanting a new couch for some time now, and after much searching one has been found that we both like. We also like the idea of putting a small dent in our (still growing) college debt as well.
I am all for applying our return to the debt, and my wife is certainly supportive. However, she certainly enjoys the idea of having a new couch (ours is pretty worn).

So, we haven’t decided what to do with our return. While it will be gone in one fell swoop, it will not be without a plan.

]]> By: Jason @ One Money Design http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-22024 Jason @ One Money Design Fri, 26 Feb 2010 01:54:04 +0000 http://christianpf.com/?p=5411#comment-22024 Shirley, it sounds like you managed your refund very well. An important point to make is you and your husband talked about how to manage the money. Great job! Shirley, it sounds like you managed your refund very well. An important point to make is you and your husband talked about how to manage the money. Great job!

]]> By: Shirley http://christianpf.com/how-spend-your-tax-refund/comment-page-1/#comment-21976 Shirley Thu, 25 Feb 2010 17:54:21 +0000 http://christianpf.com/?p=5411#comment-21976 My husband and I received a very small tax refund this year and we both agreed to use it to pay off the last of one of his school loans. Since being debt free is a priority for me I think we made the right choice. The little we had left from our refund went into our emergency fund. I know firsthand the importance of having some "just in case" funds. Thanks for the article, S My husband and I received a very small tax refund this year and we both agreed to use it to pay off the last of one of his school loans. Since being debt free is a priority for me I think we made the right choice. The little we had left from our refund went into our emergency fund. I know firsthand the importance of having some “just in case” funds.

Thanks for the article,
S

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