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Home > I ain’t no April fool

I ain’t no April fool

April 1st, 2008 at 02:08 pm

I was hoping to post this over the weekend or Monday to close out the quarter on a great note but whatever.

So, I got my refund from the fed on Saturday for $12,922. Most of it was due to my taxes being screwed up when I switched jobs. Bottom line, this is one time refund that I will not see again. The check cleared today and so I have already allocated the money.

So, what did I spend all this new found wealth on? A new boat? A first class vacation? Invest it in BA’s pyramid scheme?

They all sound so tempting, but alas I just decided to reduce my debt (and pay for TrueGreen or ChemLawn to take care of the lawn). The breakdown was Car1 paid off and $7,195 towards Car2.

I was hemming and hawing about whether to pay off the braces or Car2. Truthfully, in the end, it won’t matter. One way, I pay the braces off now and Car2 at the end of June. This way I pay the car off in mid June and the braces at the end of June. Since the braces are a 0% loan, it really doesn’t matter. So, I decided let’s due it this way and have both of these paid off in June.

So there you go. I started the year with $49,422 in debt and now I am down to $26,657, paying off 22,785 in just over a quarter.

Yes half of it was my tax refund, but Murrphy and his family are getting pretty nervous as an eviction is coming in Q3.

Posted in Budget | 3 Comments »

3 Responses to “I ain’t no April fool”

  1. creditcardfree Says:
    April 1st, 2008 at 02:19 pm 1207059584
    1207059584

    Murphy should be packing now!! You are doing awesome...amazing the power of a plan.

  2. Broken Arrow Says:
    April 1st, 2008 at 04:25 pm 1207067120
    1207067120

    Oh yeah, definitely should invest in my pyram... ah... golden, once-in-a-lifetime opportunity! Be your own boss! Work from home in your bunny slippers! Just an one-time starting investment of only... how much was that again? $12,922 and you'll be all set!

    Seriously though, that progress is... simply outstanding! I wish I can do something like that, freak occurrence or not.

  3. luxlivingfrugalis Says:
    April 1st, 2008 at 11:59 pm 1207094381
    1207094381

    So glad you passed on the boat and went for debt payoff!! What a mighty leap forward you've taken on accomplishing your goals.

    You are man, hear you ROAR!!!!

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