There is exactly one time in the year when I don’t feel poor. You guessed it…tax season baby! I normally complete my taxes as soon as I get all my W2s because I want my refund ASAP. Part of it is psychological…want to get the New Year off to a good start. On the flip side, if I knew I owed Uncle Sam money, I would probably wait until April 14.

Thanks to the miracle of E-file and TurboTax (like the George Foreman Grill, I swear by that thing) my bank account was recently credited with a nice tidy sum of $3,000. But what to with the money? This is literally the one time of the year I can play with some coin. But what to do? Man, this is nerve wracking!!!!

Should I put the money in a CD or savings account? Or invest in a Roth IRA or some other investment vehicle? Pay off debt? Be a patriotic American and buy crap I don’t need? Oh wait, that’s what the economic stimulus bill is for…

What makes my dilemma even more crucial is the crappy economy. I want to put away something but still have access to cash when I need it in the event of…say..a layoff? Or as my company calls it, the realignment of expenses to revenues.

Appreciate some advice. Also, tell me what you normally do with your tax refunds.

This is my last blog posting. Your trusty Kara McGuire returns Monday with tales of scandal and intrigue from her vacation in Mexico. Well, I don’t about scandal and intrigue but I guarantee she’s probably a lot more tanned than we are.

Enjoyed all of your comments. Peace out yo!!!!

This entry was posted on Friday, February 22nd, 2008 at 4:53 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.