What is your plan with your tax refund?

My husband and I are gonna pay off a credit card and close the account. Our goal: pay off a loan each year we will be debt free in 1.5 years if we do it that way! Im excited.

What is your plan with your tax refund?

My advice to you is not to close the credit card after you pay it off. You can clip the card but unless there%26#039;s an annual fee, leave the account active and it%26#039;ll raise your credit score by having the available credit line. Being debt free is indeed an awesome goal. Pick up the phone and call each credit card company and ask for a lower interest rate. If they say they cannot, tell them about another offer you%26#039;ve had and that they are willing to have you transfer your balance with no extra fees. The objective is to get lower fees, not cancel your credit card accounts that you can use to help you keep credit histories and thereby increase credit scores that will lower your interest rates. Do you own a home? You may be better off consolidating all credit cards to a home equity loan (not line of credit) where you can write off the interest at a lower interest rate. Stick to that 1.5 year goal. Reduce your expenses and/or increase your income any way you can. Get some money into a 401K or Roth IRA for the future. The sooner you start the sooner you accumulate interest.

What is your plan with your tax refund?

Its just more money, and we have plenty of that already.

What is your plan with your tax refund?

i am paying off my computer...damn dell....and then i am buying my boyfriend and i new cell phones and making the first car payment on my new car. Woot!!

What is your plan with your tax refund?

what refund?