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Home > Hon, does this tax refund make our savings account look fat?

Hon, does this tax refund make our savings account look fat?

February 25th, 2011 at 02:44 pm

The income tax refund was deposited to the checking account overnight, and first thing I transferred the funds to our savings account, which looks really big and fat right now!

Breakdown:

#1) $4,900 toward property tax payment ($1,900 to go)(By 6/1)
#2) $500 toward 2010 IRA Contribution ($1,000 to go)(By 4/18)
#3) $6,253 toward new-to-us car
#4) $10,010.05 EF portion
#5) $1,800 for mortgage payment due on 3/15 (includes $50 additional)(Payment goes into this account for interest earning potential)

$23,463.05 BALANCE

We add $1,150 biweekly to this, so we'll see how fast we can grow this and take care of #1 and #2, plus I'm waiting on a $900 state refund.

2 Responses to “Hon, does this tax refund make our savings account look fat?”

  1. Ima saver Says:
    1298663203

    looks good!

  2. frugaltexan75 Says:
    1298686729

    Sweet!

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