Comments on: Tax Refund Plans: Pay Off Debt or Build Savings?

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By: Danielle

Danielle — Sat, 20 Feb 2010 20:43:51 +0000

Great post. My hubby and I keep our finances completely separate. My portion of the tax refund (which was higher than expected due to my financially irresponsible purchase of a new hybrid vehicle last year) is going into savings to help me bolster my emergency fund. Hubby’s portion is going toward his highest interest debt.

By: Len Penzo

Len Penzo — Sat, 20 Feb 2010 20:31:26 +0000

That is exactly how the Honeybee and I built our emergency fund, Elle. It is a painless and easy way to build a substantial emergency fund over time – especially for those who have trouble maintaining fiscal discipline.

All the best,

Len
Len Penzo dot Com

By: Dustin | Engaged Marriage

Dustin | Engaged Marriage — Sat, 20 Feb 2010 20:22:13 +0000

That’s definitely some solid advice. We used a similar approach with our tax refunds the past several years as one of the strategies that helped us achieve debt freedom! Keep up the great work with your finances, relationship and this blog.