About Me

njdebbie

I'm 38 years old, married with two sons, 14 and 18 years old. My husband and I do not have credit card debt or student loans. Our long term goal is to put away as much money as we can towards our retirement.

2008 GOALS:

Save 30% of family income from September through June.

>>Open a Roth IRA-(opened April 20th) $450.00/$5,000

>>Increase contributions to 403B
(Done) $125.00 to $145.00 (biweekly)

>> Open a Roth IRA for hubby.

>> Lose weight (50 lbs)
(0/50)

$$$$ DEBTS TO PAY $$$$

2008 GMC Canyon (truck)
(Hubby's 1993 had to be junked)
Terms: 0%/72 months
Purchased in July 2008
Balance: $27,988.91

Son's Fall/2008 College Tuition:
$1725.00 + textbooks. (Paid)

NO CREDIT CARD DEBT

NJ 'S MOST WANTED-- $38

March 28th, 2008 at 04:45 pm

Just got my tax returns from the accountant.

Results: $38.00 owed to the State of NJ

$3,100.00 back from the Feds

The $3,100.00 will be used for my son's college tuition. He chose to attend a community college to save money at least for the first two years. We will be covering books and tuition for those two years.

Posted in Uncategorized | 6 Comments »

6 Responses to “NJ 'S MOST WANTED-- $38”

managinglife Says:
March 28th, 2008 at 05:18 pm

Your son sounds very fiscally responsible about attending community college. My son is also attending and will transfer to University of MD in the fall. It was a great economical plan for us and him.
NJDebbie Says:
March 28th, 2008 at 06:39 pm

managinglife,

I am so happy he chose to attend a community college. This makes our life much easier. I also attended a community college for the first two years and I actually received a scholarship for being a transfer student from a community college (I paid half of the full tuition and it saved me tons of money).
disneysteve Says:
March 29th, 2008 at 05:23 am

I hope your accountant told you how to adjust your exemptions to prevent such a huge refund next year. We got over $2,000 back from NJ and my accountant called me yesterday and told me what to change so it doesn't happen again.
managinglife Says:
March 29th, 2008 at 11:06 am

disneysteve,

Sorry for the hijack NJDebbie. Yes, our accountant explained to us about reducing our personal exemptions and increasing my 401K to 15%. I hope 2008 is a the year we beat AMT!
fern Says:
April 6th, 2008 at 02:24 pm

Ohh, could you send me the recipe for Red Lobster cheddar biscuits. I LOVE those things!
NJDebbie Says:
April 6th, 2008 at 06:23 pm

Fern,

I will! I have to dig through my pile of papers. I'll get it to you sometime this week.

NJDebbie's Personal Finance Blog

DOING EVERYTHING I CAN TO NOT LIVE PAYCHECK TO PAYCHECK.

NJ 'S MOST WANTED-- $38

6 Responses to “NJ 'S MOST WANTED-- $38”

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