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UFM and Tax Prep

January 30th, 2017 at 08:28 pm

I've found that posting here really helps keep me accountable. I couldn't post for awhile because I usually do it during a break in the work day, but my computer started giving me the blue screen of death for coming on the website. No posting = no one to answer to (other than myself and my husband, both of whom are way too lenient...) = a bit of slip in the UFM. I'm still doing 5 minute showers, but we've had some craziness in the past week or so that caused some hiccups. I got sick, and the DH contracted a nasty case of poison ivy, so things went undone in the house. We did manage to get the housewarming party in before we melted down though. Spending wasn't 60, but still came in under the $200 budget at $134. We did order in food this past week once, and we also spent money on several Wal-Mart runs for Mucinex, Nyquil, frozen pizzas (because we were too exhausted to do anything in the kitchen), and several poison ivy remedies. We also both ended up in the doctor's office, so we'll have those visits to pay for once the bills come in.

I started doing our taxes. They are just about finished. I'm missing DH's W2 from his old job, but plugging in very rough estimates of the numbers nets us around 10k. We're trying to figure out the best way to allocate that money. Right now, we're leaning towards 3k savings, pay off 2 debts (my smallest credit card and an old payday loan that is under 1k), fill up our account to live off last month's income, and use the remainder to fence in the backyard and get the hot tub up and running. We feel like that's a good balance of fun things and practical things.

Posted in Uncategorized | 7 Comments »

7 Responses to “UFM and Tax Prep”

  1. creditcardfree Says:
    January 30th, 2017 at 09:04 pm 1485810240
    1485810240

    Sorry to hear you were ill. But whoa! That is a huge refund. You should definitely change your withholding and have some of those funds to use throughout the year. You are having over $800 more taken out of your checks than you need to. The IRS has a withholding calculator to give you a good estimate on what you should be withholding for each of you. Also, the W4 itself has instructions on exactly what to do to claim the right amount.

  2. Debt-free by Thir-ty Says:
    January 30th, 2017 at 09:52 pm 1485813156
    1485813156

    CCF, I do need to change my withholding, but I think the reason it was so big is because we got married and bought a home.

  3. creditcardfree Says:
    January 30th, 2017 at 10:23 pm 1485814988
    1485814988

    Yes, I'm sure those are factors. If you don't adjust for them you will have another big tax refund next year. You might as well have some of that money in your pocket to pay down debt sooner and some for things you are wanting to do to your home.

  4. rob62521 Says:
    January 30th, 2017 at 10:58 pm 1485817083
    1485817083

    Sorry you got the blue screen of death and couldn't post, but glad you are back. Also sorry about all that illness.

  5. My English Castle Says:
    January 31st, 2017 at 02:10 am 1485828635
    1485828635

    I hope you're feeling better!

  6. FrugalTexan75 Says:
    January 31st, 2017 at 03:18 am 1485832732
    1485832732

    Sorry you got sick. That is one huge refund!

  7. pjmama Says:
    January 31st, 2017 at 01:41 pm 1485870108
    1485870108

    Hope you're feeling better!!! And that the housewarming party was a huge success Smile

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