Comments on: Our Rough Draft Plans for a Tax Refund http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/ Working Student’s View of Personal Finance and Frugal Living Sun, 12 Oct 2008 12:17:38 +0000 http://wordpress.org/?v=2.6.1 By: Our Federal Refund was Delayed | Green Panda Treehouse http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-1406 Our Federal Refund was Delayed | Green Panda Treehouse Fri, 29 Feb 2008 02:36:07 +0000 http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-1406 [...] of weeks ago and got our state refund back.  That will be added to the car payment in March as per our plan (commentors helped convince me along with my husband), so I can get the extra money applied towards [...] [...] of weeks ago and got our state refund back.  That will be added to the car payment in March as per our plan (commentors helped convince me along with my husband), so I can get the extra money applied towards [...]

]]> By: Blue Panda http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-1013 Blue Panda Wed, 23 Jan 2008 01:15:06 +0000 http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-1013 After I saw Green's post, we talked about the plan. As she said, she sees it as her responsibility to pay off her own debt, and that if I paid it off then it wouldn't be "fair." So I offered an alternate plan: we use the refund to pay off more of the loan, and she takes note of the amount contributed. After the loan is fully paid off, she can continue to make the same "payments," except they will go into the joint savings until the contributed amount is covered. That would save us some money since interest rate on the car loan is higher than the interest rate on the joint savings account, and she wouldn't feel that she unfairly made me pay off her loan. She hasn't decided (and we haven't filed our taxes yet), but I hope she takes the alternate plan, or at least a variant on it. After I saw Green’s post, we talked about the plan. As she said, she sees it as her responsibility to pay off her own debt, and that if I paid it off then it wouldn’t be “fair.”

So I offered an alternate plan: we use the refund to pay off more of the loan, and she takes note of the amount contributed. After the loan is fully paid off, she can continue to make the same “payments,” except they will go into the joint savings until the contributed amount is covered.

That would save us some money since interest rate on the car loan is higher than the interest rate on the joint savings account, and she wouldn’t feel that she unfairly made me pay off her loan.

She hasn’t decided (and we haven’t filed our taxes yet), but I hope she takes the alternate plan, or at least a variant on it.

]]> By: Green Panda http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-975 Green Panda Tue, 22 Jan 2008 13:26:07 +0000 http://www.greenpandatreehouse.com/2008/01/18/our-rough-draft-plans-for-a-tax-refund/#comment-975 We're having that discussion, but as you see with the post, I'm having some reservations. If anything changes, we'll put that in there. We’re having that discussion, but as you see with the post, I’m having some reservations. If anything changes, we’ll put that in there.

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