||[Dec. 7th, 2008|03:35 pm]
I am about to embark on three financial experiences that I have never before partaken in.|
1. I am going to be paying off a car. My dad is going to draw up a contract wherein I will owe him monthly payments with an interest rate of something silly like 1.1%.
2. I am going to be enrolling in a 401K plan! EXCITING.
3. I'm claiming an allowance on my tax form. I always figured if I could afford to live off of what I was getting, there was no need to claim anything, and then I'd get me a big ol' refund. But now that I'm going to be paying off a car and donating myself retirement money, I'm hoping the tax allowance will help ease my financial situation even if only a little bit.
One thing I've generally always done is that any overtime money I make, I put into savings. Also, if another economic stimulus plan passes, I'm putting at least half of that into savings as well. My savings account is not doing too well these days. I'm not going to put any of my regular pay into it this time around.
Budgeting is srs bzns, y'all.
ETA: OMG DO YOU KNOW WHAT I JUST REALIZED? SPEAKING OF TAX REFUNDS, IT IS SO ALMOST THAT TIME. I always get my taxes done right away (by my dad, haha) so that means right around the middle of February/March I will get a refund. Well, hopefully. I don't know/remember how the stimulus check plays into that whole thing. (Anyone want to explain?) But if I do get a refund... hello new stuff for the apartment I'm theoretically moving into right beforehand!