Thursday, February 18, 2010


Well, I am happy to report that I have finished my taxes!

Unfortunately, when I was attempting to E-File, I used the wrong signature PIN. I know what my PIN is supposed to be, but I think that I accidently typed in my PIN to my online information for college. Which, of course, means that my E-File was rejected.

When I attempted to go back and fix my misguided PIN, H&R Block online would not allow me back to the signature page. Oh, the frustration!

So, I had to actually get a shiny new stamp and MAIL my tax forms to the IRS. Which means, instead of receiving my refund in about 10 days, I get to wait about 5-7 weeks. Urgh.

But, I am happy to report that I will be receiving approximately $6,700 from the oh-so-wonderful federal government.

Before anyone yells at me about not paying enough throughout the year, let me just say that I qualify for the Earned Income Credit and Child Credits and Dependent Care Credits (or are they called something else? I don't know!) which means that this is all money that I NEVER paid into "the system". And the Government wonders why it's broke? Well, I am sure there are a lot of reasons, but giving people thousands of dollars that they never paid to the tax man to begin with may have a *little* something to do with it.

But, oh well. I didn't write the tax code or the tax law, so, well, I will be receiving the funds.

Which, of course, I already have plans for.

For starters, I need to go back to the dentist. So $600 of those funds are being diverted to my dental fund to finish my dental work I got started a year ago. Before I ran out of money in the fund and then lost my job. YaY! What fun!

Next, it is getting to be Spring/Summer time, which means the children are going to need appropriate attire to wear that actually fits them. So, there goes another $500.

The rest will go towards paying off the debts, smallest balance to largest balance. I can get two more debts paid off in full, and part of the third debt on the list. That will leave me only two debts left.

Yes, I could take the money I am using for clothing and apply it towards debt, but one, the children do need clothes and two, even though $500 is not that much to pump back into the economy, at least it is something to put back in the coffers of the retail industry which needs money just like every other business.

I am hoping that by using the snowball method, (using the minimum payments on the 4 dead debts towards the next on the kill list) and paying my extra $200 on top of that, I should be on track to having all this debt paid off next year at tax time (with the hopes of getting a decent tax return like this year). Then all the non-secured debts will be paid off - then I can get to work on paying off my vehicle. Oh joy.

But, there is a potential end in sight! I love when I can see light at the end of this long, dark tunnel! There may be a future out there for me financially after all!

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