I started our taxes last night, fearful my guestimations of our refund amount may be incorrect and that we’d be stuck with my student loan debt into eternity. Hubby and I worked as private contractors this year on all our side jobs and did not pay estimated taxes through the year for that income. We earned more than expected on the side work, which of course means, we owe a lot more in taxes than I thought. I typed the amount from side work and… the refund amount on the software window turned to a large, looming, red, negative number.
Great. Not only could we not polish off our debt…
We were going to accrue more.
Before I crumpled into a heap of tears, I decided to power through our deductions and let the cards fall where they may. I grabbed our mortgage interest statement and said, ‘Oh thank God! We paid a fortune!’
Just goes to show the level of my desperation when I’m thankful for Bank of America.
Forty-five minutes and a strong cup of tea later, the amount read…
More than $5,000…
Plus, I’m still waiting for my student loan interest statement so that number will only get better.
I ran down the hallway, slid across the living room floor in my socks Tom Cruise style, all while screaming ‘WOOOOOOO HOOOOOOO!’ and throwing my arms in the air.
It’s over folks. We did it.
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My DebtLarge Graph
- Current: $27,305
- Paid: $70,796
- Original: $98,101
- Emergency Fund: $1500
- IRS Savings: $
- Broken Down:
CC #1: $0 ($64) CC #2: $0 ($240) CC #3: $0 ($650) CC #4: $0 ($785) CC #5: $0 ($1,500) CC #6: $0 ($1,886) CC #7: $0 ($1,984) CC #8: $0 ($2,135) CC #9: $0 ($7,145)
- CC #10: $8,570 ($14,561)
CC #11: $0 ($24,388) Credit Line #1: $0 ($182) Credit Line #2: $0 ($182) Auto #1: $0 ($16,579) Auto #2: $0 ($25,819)
- Cons. Loan: $18,735 ($20,000)
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