Saturday, March 20, 2010

How to suck the fun out of $10k

Ok, well, the title might be a little bit misleading. After all, I think the following is fun! However, I'm a nerd :)

I mentioned in the previous post that we are receiving nearly $10,000 back with our tax refund. That's a full third of all the money we made last year! The exact number is $9,586 of basically found money.

I want you to think of the 22-year-olds that you know. Now think of handing one of those people 10 grand. Are you shuddering? I thought so.

However, Lubby and I are not your typical twenty-somethings. Hence the title of this post. We've already spent this money on paper, on purpose, before even getting it. The following is a break-down of how we've sucked the fun out of this huge amount of money.

-195 tax preparer fee
-2516 pay off carpet debt
-5000 finish off emergency fund (3+ months)
-1800 "pay back" to ourselves (we had to borrow personal fun money to live on sometimes)
-75 nice dinner somewhere

Now, I know this isn't as exciting as a whirlwind trip to New Zealand. Yet I get butterflies of excitement knowing that we will have our emergency fund finished and be ready to dump all of our extra income into IRAs, saving for said trip to NZ, and our mortgage.

Yes, I know you are amazed. I will consider coming to speak to your 20-something son or daughter about the virtues of financial wisdom. First you must be really nice to me :)

In all seriousness, though, why is our financial picture so far out of the norm for our demographic? It CAN be done, and it's not like we even make very much money. If you know someone just getting started in life, or someone who's lost hope in young America, or anyone really who might be inspired by our journey, please pass this blog on.


  1. Woo hoo! Good job guys!!! I have a twenty-something son I would like you to speak to...:)

  2. how in the world did you get so much back. They take this from me and I have 2 homes to write off and a child and still only got back aabout $1500.


  3. I'm sorry to be getting back to you so late. The primary reason we got back so much was because we got the $8,000 First-Time Home Buyer's credit. The rest was because we made so little.