Welcome to the Roaring 20’s!
Today is a big money day for me. I woke up this morning and immediately checked my bank balance. You know, as I do. I was stunned to see 4 deposits: my paycheck, my bonus, my federal tax refund, and my state tax refund. Whoa!!! I was expecting my paycheck and bonus, but not my tax refunds.
First, what witchcraft is going on at the IRS? I filed my taxes last weekend. I got BOTH state and federal refunds today, 6 days after I filed! Six days?! I’ve never seen the IRS process anything so fast.
Oh yes, Surprise Cat. They did! And in 6 days.
My refund ended up being almost the same as last year. I think I got back about $170-something less than last year. I’m not complaining at all given that a number of people are getting back far less than they expected or even unexpectedly owing money.
Now that I’m officially a Fat Cat for all of the next 15 minutes. Here’s what I’m doing and planning to do with the funds:
Paycheck (minus living allowance): $1,730
All of my paycheck (minus my food/living allowance) went to my Evil Student Loan payment. Booo!! Hiss!!
- Evil Student Loan $1,730
Remaining funds: $0. Whelp, that didn’t last long! 😦
Someone play the Hallelujah Chorus! Hallelujah! I’ve used $124 dollars of this money to send toward my Evil Student Loan. I’ve also used $1000 to pay off my credit card debt accrued since the beginning of the year. Ugh. I don’t know how this has happened. I’m keeping $526 in my bill-paying checking account to cover annual charges for the year.
- Evil Student Loan $124
- Credit Card Payment $1000
- Checking acct $526
- Opportunity fund $5,000
Remaining funds: $5,000. This remaining money, I’m going to keep in cash in my Opportunity Fund.
Tax Refunds: $2,743
I am already planning my yearly international vacation. As in buying tickets, planning. Yeah, I guess I should start calling it ‘yearly’ now. This is what makes all this working worthwhile. Yes, travel. Yes, soon. The destination will be Europe this year. I’m earmarking this money to spend on travel and fun.
- Travel and Fun $2,743
Remaining funds: $?. This money will dwindle to zero, likely sooner rather than later this year.
I’m on track to be debt-free about a year from now! This assumes, no unexpected major expenses this year. As we know, real life is all about the unexpected… So, we’ll see.
This marks the end of the line for the time travel debt payoff train. Once I get down to 19k, I’ll shift to a glorious Top 20 countdown. It’s been a good (albeit bumpy) ride. Looking forward to the next, and final, debt payoff phase.
“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW Archives)