What To Do With Your 2009 Tax Refund
We’re in tax season now, and I’ve done a first run-through of my taxes using a tax estimator online. Due to some major challenges in our family, we’re going to get a nice refund (down to a single income + child credit). This is a welcome change since last year I actually owed money to the IRS after doing my taxes (sucks). So, what to do with the money?
Here’s an estimate of what I’m thinking at this point:
- 20% – General Savings
- 20% – Savings for child’s preschool fund and/or other needs
- 20% – Purchase some physical gold and/or silver
- 20% – Retirement funding
- 10% – Beef up emergency fund – cash on standby in case a hardship occurs
- 10% – Some supplies for the house Alpha Strategy style
What are you going to do with your tax refund from 2009?