Comments on: Our Rough Draft Plans for a Tax Refund

By: Our Federal Refund was Delayed | Green Panda Treehouse

Our Federal Refund was Delayed | Green Panda Treehouse — Fri, 29 Feb 2008 02:36:07 +0000

[...] 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 [...]

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By: Blue Panda

Blue Panda — Wed, 23 Jan 2008 01:15:06 +0000

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

Green Panda — Tue, 22 Jan 2008 13:26:07 +0000

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.

By: Living Off Dividends

Living Off Dividends — Tue, 22 Jan 2008 13:10:52 +0000

umm…now that you’re married, aren’t you supposed to make sure both of you have similar financial goals?

why don’t you pay off the car and use the payments towards a vacation or a investment account?

By: Green Panda

Green Panda — Tue, 22 Jan 2008 01:27:41 +0000

Congrats on getting the money! Any amounts is good. I wish you well on tax times.