We received our tax return yesterday and this is how we’ll spend it:
40% to my credit card, which takes care of the entire balance. Woo! Paid off!
27% to our shared credit card, which doesn’t even come close to paying it off, but it’s the next debt we’re working on.
23% into our savings account, to be used for our home insurance due at the end of June.
10% into Adam’s RESP. He has more money than we do. Not to mention he also has a financial advisor.
How are you using your return?