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spending tax refund

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  • Trixie007
    replied
    I think you could safely spend more on groceries, toiletries, cleaning supplies. We have a household of four and spent almost 2k total this month for regular groc & stocking up. Also, our microwave died this week, so we bought an inexpensive new one.

    Leave a comment:


  • mintz
    replied
    They can not touch an IRA and you can draw from it any time you want BUT you will have a penalty like 20% to uncle sam. If you go this route put it so you have your cash available.

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  • okiemom2008
    replied
    Originally posted by momof3b1g View Post
    How much do you have left and what have you spent it on so far?

    Acceptable things are...

    Car repairs
    dental/medical exams
    eye exams and glasses
    Food
    home repair
    We had 4500 and spent it on

    groceries 550
    lawyer 1900
    register vehicle 200
    hotel to see family 90
    rent 700


    So we have about 900 left-We are moving soon but not until after the bk so I wanted to buy a visa gift card so we could use the money for the move but thought that might be pushing it. We really wanted to get new camping gear since we are so into the outdoors but not big deal if we cannot.

    Leave a comment:


  • momof3b1g
    replied
    How much do you have left and what have you spent it on so far?

    Acceptable things are...

    Car repairs
    dental/medical exams
    eye exams and glasses
    Food
    home repair

    Leave a comment:


  • okiemom2008
    replied
    Also, my husband has wanted a lifetime fishing license since i met him. Would this raise eyebrows?

    Leave a comment:


  • okiemom2008
    started a topic spending tax refund

    spending tax refund

    We are having a hard time trying to find things to spend it on. We were told we go open a traditional IRA with the money if we wanted...anyone know if this is ok?

    We stocked up on diapers and clothing but still have money leftover.

    Can we buy something like a tent for camping, swimming gear, microwave ect.? Also can we just put it in a new traditional IRA?

    We are filing next week.

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