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« How and Why to File Taxes Electronically | Main | Free Money Finance March Madness, Round 2, Posts 57-64 »

March 06, 2007

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How about: Save for a house?

Since most of the refund is from mortgage interest, we are putting it back to prepay our mortgage. Having said that, we are already contributing 30% of our income to retirement, have an emergency fund, and have no credit card debt. Those things would probably come first.

I have to say I agree. We use our refund as a savings account boost. It goes to our Roth and repairs/improvements on our home. But, we have already contributed to our 401k's to get our employers match and have a 3 month emergency fund.

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