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Old 27 March 2012, 06:06 AM   #1
WhatTheDeuce
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The Dilemma - Tax Refund

So, here's the deal. I have a rather large tax refund coming to me. Before knowing that, I had allocated a large amount of money towards a driveway and landscaping updates (sprinkler system, redo grass, etc.).

Would you apply the tax refund towards the work (effectively cutting the costs in half) and call it a day or get a new watch? (keeping in mind that the money for the work has already been allocated)

Can't wait to hear the responses.
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Old 27 March 2012, 06:09 AM   #2
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found money = Watch
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Old 27 March 2012, 06:11 AM   #3
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I personally would fix up the house. Watches only come for me after my house cars boat and vacations. Guess that's why I only have 2 and I'm waiting to pick up an AP.... If you are single get the watch.
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Old 27 March 2012, 06:16 AM   #4
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Get the watch...
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Old 27 March 2012, 06:17 AM   #5
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I say watch. Money in the bank anyways!
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Old 27 March 2012, 06:17 AM   #6
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What do you have in the way of watches I like a full picture before I spend someone's money
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Old 27 March 2012, 06:18 AM   #7
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Originally Posted by WhatTheDeuce View Post
So, here's the deal. I have a rather large tax refund coming to me. Before knowing that, I had allocated a large amount of money towards a driveway and landscaping updates (sprinkler system, redo grass, etc.).

Would you apply the tax refund towards the work (effectively cutting the costs in half) and call it a day or get a new watch? (keeping in mind that the money for the work has already been allocated)

Can't wait to hear the responses.
PM sent
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Old 27 March 2012, 06:20 AM   #8
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What do you have in the way of watches I like a full picture before I spend someone's money
16233 TT DJ, 116528, 116610LV, 16622, 16710B, 216570 White Dial.
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Old 27 March 2012, 06:24 AM   #9
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16233 TT DJ, 116528, 116610LV, 16622, 16710B, 216570 White Dial.
Quite a collection! I'd stick with the plan and take care of the house stuff for now....then start saving towards your next watch while you admire your landscaping!
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Old 27 March 2012, 06:24 AM   #10
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I vote for watch...always watch.
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Old 27 March 2012, 06:24 AM   #11
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You guys and your large refunds! Lucky! Bah Humug! Kyung fix the house and stack the rest in tax free municiple bonds, at least you know you won't lose money when it's time to sell
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Old 27 March 2012, 06:30 AM   #12
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Want to pay for my landscaping remodel?
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Old 27 March 2012, 06:30 AM   #13
WhatTheDeuce
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You guys and your large refunds! Lucky! Bah Humug! Kyung fix the house and stack the rest in tax free municiple bonds, at least you know you won't lose money when it's time to sell
Lucky? More like poor planning. Loaning the government money for free. Doh!
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Old 27 March 2012, 06:30 AM   #14
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Are you kidding me? Get your priorities in order. Of course it's the watch.
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Old 27 March 2012, 06:33 AM   #15
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Want to pay for my landscaping remodel?
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Old 27 March 2012, 06:34 AM   #16
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if this was "driveway and landscaping" forum i am sure you would have gotten different responses but since this is a Rolex Watch Forum .... GET THE WATCH!!!!!
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Old 27 March 2012, 06:35 AM   #17
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sounds like you have quite a nice collection of watches. personally, i would put some money towards the landscaping and then get another watch in the future.
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Old 27 March 2012, 06:57 AM   #18
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if this was "driveway and landscaping" forum i am sure you would have gotten different responses but since this is a Rolex Watch Forum .... GET THE WATCH!!!!!
This is really funny!!!

As much as I would like to say a watch, I would probably get the house in order first. But, yes, it's a tough call.
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Old 27 March 2012, 07:05 AM   #19
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I am a house before watch guy. It is your home, that kind of family stuff comes way before my little watch hobby.

I could have purchased another watch with my refund, but I just painted my house. That along with a couple of other projects is really eating my refund away, but it is money well spent.
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Old 27 March 2012, 07:09 AM   #20
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Originally Posted by WhatTheDeuce View Post
So, here's the deal. I have a rather large tax refund coming to me. Before knowing that, I had allocated a large amount of money towards a driveway and landscaping updates (sprinkler system, redo grass, etc.).

Would you apply the tax refund towards the work (effectively cutting the costs in half) and call it a day or get a new watch? (keeping in mind that the money for the work has already been allocated)

Can't wait to hear the responses.
What's a "Tax Refund"?

Don't you know the government only taketh away, not giveth back!

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Old 27 March 2012, 07:10 AM   #21
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Sprinkler system bah humbug. Go to lowes and spend a fifty spot on a hose and sprinkler spout. Get the watch and 20 years from now you will not be sorry.
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Old 27 March 2012, 07:23 AM   #22
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Sprinkler system bah humbug. Go to lowes and spend a fifty spot on a hose and sprinkler spout. Get the watch and 20 years from now you will not be sorry.

I'm with you on this one.
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Old 27 March 2012, 07:28 AM   #23
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Bills first, fun after all the bills are paid.

You end up with more money this way.
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Old 27 March 2012, 07:31 AM   #24
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I know ... being practical is boring *sigh*.

If you've gotten the landscaping financed, you are better off putting the money toward it. Continue to pay on the landscaping with the same amount of money you allocated for it. Of course, it will be paid off sooner. Once it's payed off, continue with that same amount of money going into a "Rolex fund". At the time you originally would have had the landscaping paid off, buy the watch. Since you're in Jersey, and if you are going to buy a new watch from AD, drive down to Delaware and purchase it.
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Old 27 March 2012, 07:32 AM   #25
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Bills first, fun after all the bills are paid.

You end with more money this way.
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Old 27 March 2012, 08:00 AM   #26
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I may have not explained my situation correctly. I literally have the cash to pay for all of the work being done (set aside cash = allocated, bill is already paid, etc.). Therefore, the tax refund is "gravy". I can put the tax refund back into my account thus shrinking the cost of the work (in my mind ). Or I can choose to spend the "gravy".

Love all of the responses thus far.

I suppose I was trying to get a sense of what other people would do if they had additional money that came unexpectedly.
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Old 27 March 2012, 08:04 AM   #27
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For me, family & house always comes first.

In your case, tough call. Flip a coin. Good luck!
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Old 27 March 2012, 08:10 AM   #28
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Kyung I don't know if you're married or not. If you are, unless your wife is another WIS I'd get the house work done first. Besides, if you do this, you will have more time to save up for your next watch (assuming you need to anyways) and there will be no resistance from the wife when the time comes. Happy wife happy life.
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Old 27 March 2012, 08:12 AM   #29
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Life priorities then hobby!
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Old 27 March 2012, 08:53 AM   #30
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Sam, I hear you talking.

I was going to say more but it probably wouldn't make me any friends and would derail this thread.

OP, I say invest the money and earn some return.
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