Shoeaholic No More



July 2015



2014 Final Tax Numbers

Written by , Posted in Money & Finances

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It’s only been 3 months (to the day) since tax day and I finally got the last bill for my back yard project. While it wasn’t fun to write out that big check, I like the fact that it’s not hanging over my head anymore. Whew!

Because a lot of my household project was the be paid for with my 2014 “tax return” (and the money I had saved up “just in case”), I can finally give my final report on how I spent my tax money this year. I’m so happy to report that I used it a lot more wisely than in years past.

I didn’t spend a single cent of it on shopping or eating out.

Accountant Fee$450.00
Car Expenses$78.71
House Project (so far)$1,302.29
TOTAL SPENT$1,831.00

The unfortunate part of finishing my back yard project is that I don’t know if I’m going to get another cent out of my cheapskate neighbor. I am going to give it another try by asking as nicely as I can muster nicely if she plans to contribute anymore toward the project.

If she doesn’t I’ll have a small bill to pay off on my credit card (about $250) and a loan to pay off (from myself). Sigh! The best I can hope for if my neighbor won’t chip in is that I’ll be able to pay myself back by the end of the year, or that I won’t need that money for taxes after all, which would save me from having to pay myself back and have another large “refund” of tax savings next April.

One downside of not having my full-time job next year will be that I won’t get the bonus they usually give out every year in early February. I will miss that little windfall, but I know that I’ll still be far happier working for myself than at an 8-5 desk job everyday. If everything goes right, I’ll still get a small amount back every year from my tax savings anyway and hopefully I’ll be making more money working at home in my pajamas than I was sitting a desk in business clothes. 🙂 #livinthedream

If you are self-employed and you used to get a bonus, do you miss receiving that lump sum every year? I’m hoping you say no 😉

*Part of Financially Savvy Saturdays on brokeGIRLrich, A Disease Called Debt and Shoeaholic No More*

This blogger shows how she spent her refund to start her business and pay off debt!

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Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.


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