we’re getting a tax refund from federal and state!

Husband and I filed taxes yesterday. It’s our first year as homeowners, so we’re getting some interest back. It’s also the first year we’ve filed jointly. Our total refund will be in the ballpark of $5100. We’ve already made plans for the money.

pay ourselves first (I know this usually means via a savings account or 401k, but there are things we both need to do and this is a good way to get them done without spending money from the joint account…can we say haircut finally!!): $150 each

save for our trip in May: $2000

put the rest towards debt! woohoo!: $2800

We are going to be able to pay off 2.5 cards. We’ve paid off one small $300 card, but this will make me feel like we are making headway.

I initially wanted to put most of it towards debt, but it will be nice to have the money set aside gaining interest for our 1st anniversary trip. it would also save us some money in the long run to pay off debt with it, but already having the money means we won’t be using credit cards on the trip. It’s going to be awesome!

I’ll update soon with a rundown of cards, percentages, and balances… trust me… it will make you feel better about your debt situation.