Ups and downs here...refund came in
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| Thu, 03-12-2009 - 9:59am |
We got a fairly big refund. So today I paid all the bills I've been avoiding for months (medical copays and such from my sons ER visit). I paid my mortgage which was 2 weeks late due to our car repairs. I paid most of my bills for this month too. I started getting together our numbers. How much debt do we still owe? Who are we going to pay with this money? I had a moment of sadness when I called Toyota and realized we have 3 more payments due when I thought we were done. I was going to write a big happy post today that I had paid off my car, but just in case I called Toyota to get my balance and instead of a 50 dollar balance, I had a 300 dollar balance. WHAT!!! It turns out that the dates on our payment arrangement were wrong so instead of my last payment being this month, it's actually in May! BOOO!
I also started dealing with my last credit card. We are going to settle. We've settled everything else so my credit is already ruined and I just want to get it over with. It's a discover card and I owe them $4,356. They have previously offered us a $3500 dollar settlement. I currently have $3000 dollars so I'm hoping to get their settlement down by offering them a lump sum of cash! We'll see. So overall, the money is all gone. It's depressing, but it is also joyous that I was able to pay so much off with it.
Here's what I paid:
My mortgage: 1240
Medical payments: 116.09
Toyota: 150
Condo Assoc: 215
Dentist: 50
Credit Card Settlement: $3000 dollars put aside
Total $4771.09 and I do have $500 left. I guess I'll put that in my Efund!
I also changed my automatic Emergency Fund transfers from $10 dollars to $50. I realize that I need my savings to accumulate faster and ten dollars just isn't doing it!
How depressing to wake up to over 5 thousand dollars in your account and now only have 500! But at least I had the money to pay it!

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The stimulus payment does not "show up" but it is a refund of taxes in a prior year that adds to income for the current year.
That $900 put us over the AGI total for the MFJ for the year.
Ditto what Jennifer said.
Teresa
http://www.affordingpickles.blogspot.com
You need to find another accountant right away. If you really were only 900 from losing 5000 in exemptions any competent accountant would have advised you to defer income, prepay your state taxes or any one of a dozen financial moves last December that would have prevented you from moving up a bracket.
But you don't just go from getting all those deductions (CTC and SL interest).
Jennifer
I guess she was kidding us about the stimulus after all, can't read
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