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Archive for April, 2012

Discover Paid Off

April 27th, 2012 at 02:36 pm

Made a payment of $3460.00 to Discover today. It should post on Monday. I'm so excited to be well under $10k! I now owe $8425 to credit cards. Could I pay the rest off by my one year SA blogging anniversary? I'd need to pay it all off by July 28th. It's a bit of a stretch but if I come into any cash that I wasn't expecting, it might happen! I'd be happy getting it paid off by the end of the year!

For the record: $16,649.08 in credit card debt is GONE!

I used to make $785 a month in minimum payments. Now it's $110. $675 a month is going directly to principal! I couldn't be happier right now.

Taxes Filed

April 12th, 2012 at 01:34 pm

I filed my taxes today at H&R Block. I'll be getting back $4118 from Federal and $358 from state. I'm so excited about that. I kept really good records of my donations to charity this year and donated in excess of $20,000. It cost $247.50 to have my taxes prepared including a $35 fee for audit protection. Well worth it in my book. The tax preparer was awesome!

Now I have $4476 to figure out what to do with. I'll stew on it for a while! I'm thinking I'll go ahead and pay the Discover off and put the rest toward my savings goals. Not entirely sure though. I'm just glad to have it off of my plate and submitted!

Roth Funded

April 12th, 2012 at 08:44 am

Going to get my taxes done today. I'm nervous. In 2011, I donated $22k worth of items. I have no idea how that is going to factor into my return. I'm having it done with audit protection at H&R Block. No matter what it costs, it will be worth it to me to feel okay that a tax professional knows the rules and I will have protection if I get audited. I'm hoping for more than my typical return. I usually get about $2k so anything more than that would be awesome!

I just sent over the last transfer for my Roth. I started at the end of January and got $5k funded easily! Yay! I'm hoping I can average an extra $5k every 4 months. If so, I'll have my CCs paid off this year with no problem.

Trying to decide how I want to use my tax return. I could fund my car fund and some of my EF or Christmas with it (depending on how big it is). Or I could pay off part of the Discover CC. I might do that to ensure I can pay it off before October when the interest increases.

I really need to take a look at my budget/bank account to figure out if my budget is working. I think I might need to increase my gas/groceries. I'm not sure where the extra cash will come from. We also need to get back into cooking in advance and eating in. BF and I have been bad about that.