But anyway, back to my unexpected riches. I now have $1,000 for my emergency fund. That isn't the most fun thing in the world but with 2 houses and an RV and a bunch of stuff still out in my crumbling mobile home, I am sure something is going to need to be fixed sooner or later. And if nothing needs to be fixed, maybe I can save up $6k by next year and get air conditioning for this house. I'm pretty sure I won't be able to save that much before July of this year. July is when it gets humid and the swamp cooler doesn't work anymore. We are just going to have to tough it out with window AC units and hopefully those 6-8 weeks of humid time won't be too bad.
For now am just happy seeing my account with a little padding since I used most of my money to buy this house and put in the new furnace.
At least you know that a tax refund is not usually something you want to get because that means you overpaid (i.e. lent) money to the government in the previous year.
I always owe money unless I make a mistake in paying any estimated taxes or, in my working days, something unusual happened which I did not expect which resulted in a lower tax bill.
My main concern the last few years is to make sure I am in what they call a "safe harbor" so I don't end up paying any tax penalties.
I got a refund this year too. I'll take it! Beats the alternative.
I know it is the fashion to condem overpaying your taxes but lets be ho9nest, how much interest would you ahve got if it was invested? 1/4% or something. At least this way it didn't spend spent so it's all good
Ugh Dave, penalties on top of taxes would be harsh. Hopefully that doesn't happen.
That's true Lizzie. That money would have been spent on the new house and not necessarily on something practical either.
Tessie, sure does. That would have been awful if I had owed without planning for it.
Post a Comment