I kind of feel like a two bit whore, but we ended up taking a first time home buyer tax credit. It's more like an interest free loan that gets paid back at tax time every year for the next 15 years. And since we get like 1K for each kid, they pretty much cover that. So, in reality, we are actually using our kids to get our money back from the government... I feel like I'm doing something illegal. SO, my new money making scheme is to pop out as many kids as possible, and eventually I'll make a profit, right? (Just kidding! Now if I could figure out a way to get tax credits without the Old Woman in a Shoe Syndrome... any ideas?)
Yesterday, after blinking hard at our online bank balance, I blew through a lot of it just paying back credit cards, bills we had been sitting on, and our daughter (yes, we borrowed money from her! I know! But, if she doesn't improve her 2 year old attitude, we are going to start charging her rent!) And then, I ferreted away the rest into our savings account. Which is actually a pretty good feat for me, because if you know me, you know I'm a frugal franny, a penny pincher, an anti-risk taker, who frets over every little buy and almost always goes generic. It took every ounce of will power to not drive to the bank, withdraw every cent, and proceed to digging many many holes in our yard. And again, I know, I know! It's perfectly safe in the bank, the economy needs me to keep it there, I should really be out buying something with it. But if I had my druthers, I "druther" keep it under my mattress, the floor boards, or the hostas in our yard!
So we sit and dream about what we will use it for. We think and talk in little bursts of creativity: it could be premium off our mortgage or the rest of our car payments or a down payment on a new, brand new car. This is the responsible thing to do. OR it could be a trip to Vegas, my spa bathroom, or we could just cash it in small bills and roll around naked in it!!!!
Or we could just leave it where it is for a while until all this stupidity with the economy settles out and we make sure we're okay. But, to put it all in perspective, it's just money that won't last long, and we already have what we really need to make us happy!