RIGHT INTO THE BANK
A home educator is planning on how to spend his “rebate” check. As for me and mine, ours is going straight into savings. Last time the “rebate” merely ended up being subtracted from that year’s taxes withheld. So you get your tax refund this year instead of next Spring. Or, if you usually end up sending a small check to the IRS each April 15th, you’ll have to send a much larger one next year.
8 Responses to “RIGHT INTO THE BANK”
![]() Comment by Toni April 23rd, 2008 at 8:53 am |
Here is info I found about whether the $$ will merely be an advance on next years taxes (like the last “rebate”). How accurate this is, who knows! usgovi...te.htm In addition, your tax rebate will not reduce your refund or increase the amount you owe when you file your 2008 tax return. |
![]() Comment by Daryl Cobranchi April 23rd, 2008 at 9:52 am |
Hmmm. Doesn’t change my plans any. But it does mean that this “rebate” will really balloon the deficit. |
![]() Comment by don April 23rd, 2008 at 11:52 am |
Yes, it will balloon the deficit, but hey – that’s what ol’ our current congress and executive branch specialize in. For anyone who has a lot of non-mortgage debt (credit cards especially) this would be a good opportunity to reduce or eliminate that. For us, it will be going into the bank. I guess I’m not patriotic enough to go buy a home theater system or use it as a down payment on a Hummer. |
![]() Comment by Toni April 23rd, 2008 at 12:46 pm |
We’re told to be patriotic and Go Shopping a lot these days, especially since 9-11. When will George and all the happy shoppers learn… TANSTAAFL … Our check is going right into savings, too. |
![]() Comment by Nance Confer April 23rd, 2008 at 1:29 pm |
We plan — and you know how that goes 🙂 — to spend ours on hsing activities. We’ve got a couple of big ticket items coming up for the kids and this rebate should just about cover them. Nance |
![]() Comment by JJ Ross April 24th, 2008 at 8:35 am |
I’m with Nance. Young Son’s much-anticipated custom DNaill bagpipes alone will be more than our combined family check from the IRS. Or we could say it will almost cover Favorite Daughter’s full day of psychological testing for dyscalculia next week. And the fuel costs of all our “car-schooling” have ballooned without mercy! That makes everything we do more expensive, and it’s even starting to change what we do. About ballooning the deficit, I have mixed feelings and see different sides — but mainly these days, is my beleaguered mom-feeling that my kids might as well get the benefit of a little more of the money WE earn instead of obediently sending ballooning buckets of it to the government that instead of helping anyone or anything, just feeds the political frenzy for more instead of better. We still pay plenty yet our own kids receive so little from the obviously unsustainable entitlements. We don’t even qualify for employer or government subsidized heath care. And no matter what, our kids will inherit that deficit along with anything we manage to leave them ourselves, as the next generation of productive citizens. So I am feeling it’s my patriotic duty to educate them um, creatively? — to be healthy, wealthy, wise and happy despite that destiny! With whatever resources are available. (In my next installment I’ll work on rationaiizing the bagpipes toward that end . . .) |
![]() Comment by Nance Confer April 24th, 2008 at 8:53 am |
Love to see how bagpipes fit in there. 🙂 We, too, have definitely increased pinching pennies — or dollars — when driving. But since our damned state is so spread out and there is no reasonable mass transit, we still spend much too much of our household budget on gas. OTOH, the expenses the kids have and getting them back and forth would be going on whether we homeschooled or not. So maybe they aren’t homeschool expenses, so much as life expenses. Now, if they’d just stop eating I could stop spending the other half of our family fortune at the grocery store! 🙂 Nance |
![]() Comment by Toni April 24th, 2008 at 1:48 pm |
Definitely- get the pipes… Instruments are easy to rationalize spending on. Naill pipes are an excellent choice. Make sure to invest in top-quality ear plugs for your piper as well. |