Found Money Strikes Again
Each year I get a sizable check of back child support thanks to the wonderful income tax refund intercept program. Typically it shows up in October or November and I’m always happy to get a deposit of $3,000 – $5,000. This year’s came a bit early and it has caught me off guard. This year isn’t much different from last. Again I’m weighing options such as putting it into savings or paying off debt. Since we’ve got a large purchase also sitting on the horizon, I’ll need to take that into consideration as well.
Money is such a juggling act, at times. There are so many choices we can make, all with varying degrees of financial righteousness and responsibility and (maybe) ridiculousness. There are the simple, knee jerk reactions of paying off debt because $4,000 would make a pretty decent dent in our current debt load – but I don’t make many rash decisions and this will need mulling over.
Last week my mind started to consider the possibilities of use and hopefully we’ll have an actual plan within the next week for what we’re going to do. In the meantime, it gets shipped off the some high interest savings account while we count our chickens. However, warning to those loyal readers – we may end up utilizing it in ways that doesn’t coincide with “practical financial advice”. I’ve got to call some pole building companies this week to discuss our options for getting a shop built and call some foundation companies for getting a slab poured as well. Once we have that information, we should be able to move forward with what we’re going to do.