Comments on: Multiply the Effect of Your Tax Refund http://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#utm_source=rss&utm_medium=rss&utm_campaign=multiply-the-effect-of-your-tax-refund A personal finance blog teaching you how to live debt free and use credit wisely. Fri, 10 Feb 2012 15:18:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Learn The Basics of Investing - Edition #197 of Carnival of Personal Financehttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14847 Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance Mon, 23 Mar 2009 02:14:14 +0000 http://www.nodebtplan.net/?p=1938#comment-14847 [...] No Debt Plan say to use your $400 tax refund to pay down debt. [...] [...] No Debt Plan say to use your $400 tax refund to pay down debt. [...]

]]> By: Kevinhttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14559 Kevin Fri, 20 Mar 2009 02:48:37 +0000 http://www.nodebtplan.net/?p=1938#comment-14559 @Diane: Sounds good. As long as you have a plan for the money you are far ahead of others... @LAL: Well I guess it's better than them owing you money and giving you an IOU instead? @Diane: Sounds good. As long as you have a plan for the money you are far ahead of others…

@LAL: Well I guess it’s better than them owing you money and giving you an IOU instead?

]]> By: LALhttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14494 LAL Thu, 19 Mar 2009 15:13:05 +0000 http://www.nodebtplan.net/?p=1938#comment-14494 I owe the federal government. I guess I lucked out. I'm on the otherside of not paying down debt, i have to pay off the government. I owe the federal government. I guess I lucked out. I’m on the otherside of not paying down debt, i have to pay off the government.

]]> By: Dianehttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14343 Diane Wed, 18 Mar 2009 03:49:59 +0000 http://www.nodebtplan.net/?p=1938#comment-14343 If I had debt to pay I would definitely do that first. I will be SAVING my tax refund to supplement my emergency fund, which is better than it's ever been, but I'm continuing to build it. I always designate a portion of my tax refund for the year's gift fund - birthdays & Christmas. Under other circumstances, I might pay some on the principal of my mortgage, but with the current economy I'm saving. I can always use the money to prepay the mortgage later, if it isn't needed. If I had debt to pay I would definitely do that first.

I will be SAVING my tax refund to supplement my emergency fund, which is better than it’s ever been, but I’m continuing to build it.

I always designate a portion of my tax refund for the year’s gift fund – birthdays & Christmas.

Under other circumstances, I might pay some on the principal of my mortgage, but with the current economy I’m saving. I can always use the money to prepay the mortgage later, if it isn’t needed.

]]> By: Kevinhttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14287 Kevin Tue, 17 Mar 2009 17:55:31 +0000 http://www.nodebtplan.net/?p=1938#comment-14287 @Corporate Barbarian: Have you figured out how much it will save you in interest? @Corporate Barbarian: Have you figured out how much it will save you in interest?

]]> By: Corporate Barbarianhttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14282 Corporate Barbarian Tue, 17 Mar 2009 16:56:34 +0000 http://www.nodebtplan.net/?p=1938#comment-14282 We're using ours to pay down debt. This will give us the best bang for the buck. We’re using ours to pay down debt. This will give us the best bang for the buck.

]]> By: Nate @ Debt-free Scholarhttp://www.nodebtplan.net/2009/03/17/multiply-the-effect-of-your-tax-refund/#comment-14272 Nate @ Debt-free Scholar Tue, 17 Mar 2009 13:33:58 +0000 http://www.nodebtplan.net/?p=1938#comment-14272 This is great! I entirely agree. Do not go spend your money - use it to pay of your debt. Thanks, Nate This is great! I entirely agree. Do not go spend your money – use it to pay of your debt.

Thanks,
Nate

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