Today is one of the happiest days of the year. Our savings account jumped by several thousand dollars this morning thanks to a tidy little deposit from the IRS.
Thank you, IRS, for giving our money back to us.
And yes, I know all the wisdom about not letting the government hold our money all year long, therefore and thusly, we should adjust our withholdings so we can use our own money properly.
But #1: We don’t trust ourselves to actually use our money wisely. I’m pretty sure that cash would go for falafel and hummus at our favorite Lebanese restaurant instead of retirement or something else smart.
But #2: With my writing income, I’m never really sure how much we’ll get back or owe, so it calms my nerves to give them a little extra so they don’t throw me into tax prison, or whatever happens to people who upset the IRS.
This year we plan to do nothing with our return.
You read correctly– nothing. It’s having a quiet time in the savings account until later this summer.
This means we shall not be buying: new carpet, curtains, trips to the water park, fancy diamond earrings, treadmills, baby bunnies (Audrey’s new love), or electric drum kits (but Lord have mercy, our son is learning the drums and those things are looking like a wise investment).
Just saving it.
And this pains me a little, but Eric has this whole financial plan for the year, and it involves waiting patiently and not buying stuff right now.
Do I want to pull the carpet off the stairs with my bare fingernails and order new? Of course!
Do I want new earrings that sparkle in the moonlight? Honestly, no. But I could buy them if I wanted to, instead of restraining myself like a grownup who is married to a man with a financial plan.
I’m sure once the summer is here and we finally put that money to good use, I’ll be glad. What about you? Are you getting a tax return at all, and what do you do with it? (Falafel and hummus are perfectly valid answers, by the way.)