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Home > Hello again-it's tax time

Hello again-it's tax time

March 30th, 2008 at 01:55 pm

Hello friends! Happy Sunday to you.
Yes I had my taxes done. It was shocking to say the least. I have a hefty tax bill to pay this year. I was not totally prepared for the stagerring amount I owe. On one hand it is good as I am doing well with my very long time investments yet I still have to pay tax on what I have gained and earned. This was my very first time on my own as a single filer. I will be much better prepared next year to weather this terrible storm. I also have lined up a call from my investment guy to talk to my tax person....I think they need to be on the same page a tiny bit more. Once that occurs I may be able to save a bit more next year. I will have to spend the rest of the spring and summer working on building up my emergenccy fund a bit. I look at it as a challenge. One that spurs me not depresses me or makes me want to give up and maybe quit being frugal.

On that note I returned some clothes I bought for me and spent it on clothes my kids needed. We did some shopping at Sears and I found some awesome buys. We also only bought a few things......thankfully alot of spring clothes still work and we can make do with so much of what we have.

Spring break was maybe a little boring for the kids as we did not do much as far as trips or big things. We did see a movie ( Horton hears a who was darling by the way) minus movie snacks....and we did eat at Subway for $10. We rented two DVD's and played alot of games. My girls seemed to have entertained themsleves around the house while I worked as well. Just being able to read or sleep in was nice and welcoming. The girls cleaned their drawers ands closets too.

It has been hard to hear about everyone's fab trips and getaways....but I think we have just decided that there is a time a season for trips and now has not been a good time. In mid June the girls will go away with their dad for a week to South Carolina and stay at a luxury condo on the beach.

I have been really trying to stay as frugal as possible at least in my own life and I am looking at it as a daily challenge to do my best. Groceries have been tougher this week with everyone being home.....but we have managed to do pretty well. I have kept the pantry and fridge very neat and organized which helps so very much. This week should be better since we are back to school. Today I will grocery shop. I will try and keep things reasonable. Store brands help along with my coupons and simply questioning purchases for a moment helps. I now will put items in my cart and later take them back out.......so much can be impulse!

I am trying to get as many free samples as I can--- shipped to me. That is really a nice source of products, I use them alot.....again it just helps. This week I need to hit the Dollar Tree for a few things...that place helps as well if you stay focused and not buy too much junk or stuff.

Also just looking at things around the house and re-usung them in new ways. I needed a small table for the radio in the kitchen....I went to my porch and found a great little shabby chic table.....perfect. I do have to buy a matress and frame for my little one. I will be purchasing that very soon. That is something I need to do very soon. My parents made a head board for her as a gift. It will be nice to have her room look a bit fresher.

My little one is not having a birthday party. Instead we are having a best friend over for lunch and a movie play date. I think that will suffice. She seems very fine with the whole idea. Frankly I can not handle the stress and it simply is better to down play such hoopla with her. So that is the plan.

Every month seems to have more and more money challenges for me. I wonder where it all goes and why I can not save more. Sometimes I wish I could go back to my old life when I was not working and not worrying about money. I had a very care free time back then. Other times I welcome all the challenges as I feel it helps me grow and it has made me stronger as a person. Frankly I look back and at t imes I was very selfish I think. I might of lived in a huge bubble. It helps to come here and write and to share and also learn from others. One day at a time. Have a good Sunday everyone.

3 Responses to “Hello again-it's tax time”

  1. boomeyers Says:
    1206903237

    How terrible to find out you owe so much money! Ouch!
    No fab trips for us either! Smile Things are so expensive now, it does'nt matter what you do to stay ahead, you always feel behind. You are not alone! Especially with kids!

  2. homebody Says:
    1206904429

    My actual fab weekend is one night next weekend that DH got at a fundraiser. We have not been on a "real vacation" since 2001 when we spent 4 days in Disneyland. We have never done "vacations". With DH and I both self-employed its hard to get away. Now with YD living in North Carolina, flying there takes all our fun money. BTW YD and older daughters (who flew out for a visit) spent a night at Myrtle Beach in January. It was raining and cold, but they still enjoyed it.

    In past years we have owed lots, so this year under $1000.00 combined was nice.

  3. Front Porch Mom Says:
    1206919461

    I will be so glad to put this tax year to bed so to speak! Trips are nice but not needed. I truly think I was born a homebody! Have a great week everyone.

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