Yay for tax returns

Another lump sum today – almost $1300 landed in my everyday account from my tax return. I don’t think it was there more than 2 hours when I went online, saw it and sent it right back out again (to help pay off my credit card debt).  I am starting to wonder why I have been so down lately when I knew there was plenty of reason to feel good in the coming weeks. Happily, I expect some more lump sums soon to completely wipe that credit card debt. Wow!

Of course, it will be even more amazing when, in a few years’ time, lump sums such as this can go into our savings account, or towards developing a stock portfolio (heaven forbid!). In fact, I’ve never received a tax return that I haven’t used to repay credit card debt with. Even though this may sound vaguely responsible (eg at least I didn’t blow it at the casino), I actually think this is quite sad anyway. In many cases, I had actually already spent up on my credit card to the exact amount I was expecting in my tax cheque. It never occurred to me to just wait till I had the tax return to buy the items, or – an even more foreign concept – put the tax return money in the bank and sit on it for a while!

I hope my family is heading towards a new, improved financially sound future because of this change of mindset we’ve had! I really have to credit Tricia at Blogging Away Debt, JD at Get Rich Slowly and JW Thornhill at Need to be Debt Free for providing a lot of inspiration, as it was these three blogs that I found first. Even though each of us seems to be at different ages and stages, it is really helpful to see how others live, and what challenges or skills they have.



  1. Lynnae said

    Yay for you! I’ll bet it felt good to take a big chunk out of our debt!

    I don’t know if I’ve ever commented here before, but I enjoy your blog. 🙂

  2. debtfretter said

    Thanks Lynnae, I appreciate your support. It’s great to know there are people out there who are like-minded. Thanks again for visiting!

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