Did you use your tax refund to pay off debt?

Question

I got a good amount back this year.  Omg.  Today after I received my refund I paid $1000 towards my student loan.  I hit "submit payment" fast so I wouldn't change my mind. Lol I am proud of myself.  I am getting my credit score above 800 and paying off my student loans.  Six years ago I would have bought shoes or a purse with the money.  Lol did you use your tax refund for good???

Answer

Using it as part of our down payment on our new house! 🏡

Answer

I wish I had a significant tax return but ever since filing jointly after marriage our returns have been only a couple hundred dollars where it use to be at least a thousand. I did pay off my car one year. It felt great. Wish I could make a big payment like that on my student loans. Guess I could have with a recent bonus, but decided to take a vacation instead.

Answer

Yeah we paid off the rest of our car with our refund.

Answer

Using it to go to my sister's wedding in France.

Answer

Using mine to pay down debt. Boring, but necessary. Wish I didn't have any debt! Then I'd use it fir something fun!

Answer

I wish I could use it on my student loans. It's still going to good use though. It's going to help us get anything we need moving from our apartment into our very first house!  We're very excited to become homeowners! The 17th can't come fast enough!!

Answer

That's smart! I do direct sales. And anything extra goes straight to my credit card. Get that credit score up girl!

Answer

I'm going to pay off my credit card(850), a student loan, (2000) and two bills that ended up in collection. It will feel great to get that weight off my shoulders. I will still have extra left so I will save some for my baby's 1st birthday and do my hair lol

Answer

Well apparently my hubby had a debt that he thought he took care of and they don't report to the credit bureau so he didn't know and they took all but like 24 bucks and apparently the 24 bucks went to a debt of mine no idea what debt.
We didn't choose to do this it just happened on its own lol

Answer

Yes, I think that's the best thing you can do with it. My husband owed several thousand dollars in tax from when his parents were handling his finances as a teenager and ballsed it all up. Well his first tax refund went straight to paying that tax debt! Saved us paying a lot of money out of pocket each month to pay it off slowly!

Did you use your tax refund to pay off debt?

The Top Baby Tracker App: Embrace New Beginnings with Tender Care

The Top Fertility Tracker App: Your Path to Achieving Pregnancy

The Top Pregnancy App: Nurturing Your Journey to Motherhood

The Top Period Tracker for Empowering Your Menstrual Health Journey