The government is paid off!!!

@911Ricki (13602)
Canada
July 30, 2012 12:52pm CST
I miscalculated my owing to the government, I really dont know what I did but I figured the next two paycheques would go for it. I dont owe my parents rent this month because I bought them the pot set a few months ago (we made an agreement instead of transfer this amount to this bank, and then again for rent jsut take it off so I didnt really have to worry about it). I forgot and took the rent money out thinking I owed it, also I paid more on my cellphone last month (they were slow at taking the months before in the computer so it doubled my bill yet I paid it twice). I paid $1,000 oweing today, and then the $725.70 tomorrow and I will owe nothing to the government. I have a limit on my bank account so I can only take out so much money per day. I then get paid on the 7th, and again a week later plus what I make petsitting. I don;t have to worry about this until next year now.
2 people like this
11 responses
@Suggar (3612)
• Bulgaria
30 Jul 12
I am sorry that all I noticed and will ask for is about that you pay rent to your parents. Is the house their own? Or the flat? It sound very strange to me, because here we don't have this habit. When we stay and live with our family, who own a flat or a house, we don't pay them rent. Very often kids stay to their parents place if the kids are single or study in the same city, because that way instead of paying rent, they pay their study.
@Hatley (132646)
• Garden Grove, California
30 Jul 12
hi Sugar I think in Ricki's case her parents do this to instill a sense of depending on their own wits. She is sure a great example of how to manage her finances and be self reliant. My parents never asked from rent for me but herein the US we usually leave home to get our own apartments once we become young adults. customs and cultures do vary a lot here on mylot.But thank 'Goodness we all respect each others countries cultures and customs too here in mylot.
@Suggar (3612)
• Bulgaria
30 Jul 12
Yes, I have seen this in the movies. It always looked so well, because that way leaving your home early, you learn to deal with your own problems alone and become more responsible. Our parents here, in national level are more protective, but people live poor and for a student to be able to live away of his/her parents, pay a rent and living and also studies would sound impossible even if this person works two different full time jobs. That's why parents are helping us a lot, but it spoil us a bit. I may say for myself that I left my home being 24. Before leaving it I was living with my parents, working. I loved filling the fridge with delicious things, which I knew mom would never buy, because of tight budgets she had at that time.
@Suggar (3612)
• Bulgaria
30 Jul 12
Also before and now part time job is not something which is so popular in Bulgaria. They would probably offer you work 12 hours instead of 8, than give you a good payment for 4 hours work a day. And most of the times for the workers who work 8 hours they pay health insurance as the workers work 4 hours instead of 8.
@cher913 (25899)
• Canada
30 Jul 12
have you or will you put aside some money from each paycheque this year to put towards income tax? it sure may be easier on the budget if you do.
1 person likes this
@SomeCowgirl (32277)
• United States
30 Jul 12
Great! Don't you love it when you find out you miscalculated something like that? You feel like you have more money then! I've had this happen once or twice myself. It's great.
1 person likes this
• United States
30 Jul 12
That sounds good to me. I know all about not owing anything to a bill here and there.It is also a great feeling to be paid up till the next year or month. I wish you much more happiness with your bill paying. take care.
1 person likes this
@roberten (3134)
• United States
30 Jul 12
WooHoo!!! Nothings greater than finding you owe much less than you planned for. You can fatten up your bank account and be a few dollars closer to moving into your own place. You go, Ricki, you know you rock!
• United States
31 Jul 12
I think your money could have been put to better use than paying the cell phone company two months in advance. They don't give you any kudos on your credit rating and it's not making any interest. As a matter of fact the phone company is making money off of your money. I'd pay more attention to your bill paying because why pay more than you have to? That's my philosophy. If you're a day late it shows up on your report but if you pay them extra no kudos shows up on your credit report -- they don't reward you for paying them all that extra money so they can collect on the interest.
@dorannmwin (36609)
• United States
2 Aug 12
It is great that you have this debt taken care of until this time next year, I really do know how it can go with those bills that you have to pay only once a year, it can really be something that is quite stressful. So, instead of having this bill hanging over your head, you are just going to have tight finances for a few days, but other than that not too much to have to worry about. In the future, would it be possible for you to open a savings account that is simply dedicated to this bill and you could break it down to how much you need to save with each paycheck and deposit that so that you won't even have to worry about it in the future.
• China
31 Jul 12
Yeah,it sounds good.I can not manage my finances well.I usually spend my money in buying clothes that I like at first sight at early of the months.Maybe I can change my way to manage my money from now on.
@anex08 (868)
• Philippines
31 Jul 12
Well, that's a good one thing to read about. I know exactly how it feels to be debt free and everyone these days struggles to be debt free. Good for you. I hope I could do the same right now, I pay for rent and other expenses and I have extra loan from cards which I use in business although it is secured since I have the goods available in my place and selling it would mean paying off credit card balances but since it is still stocks there is also debts I have to think about. I have my day job but of course the paycheck will be for my family expenses each month, it's really getting harder each day but I'm not loosing hope, I know I am going to pay off all those balances in time.
@CTHanum (8255)
• Malaysia
31 Jul 12
That is great. Sometimes we missed things like that and end up paid double in a month and it's a relief to know that we don't have to pay for the next month bill. I pay bills online and I hate when they are so slow in updating the current bill. Luckily I made my own report so I know which and which bill that I need to pay.(^^)
@Hatley (132646)
• Garden Grove, California
30 Jul 12
hurray for your side Ricki I am so glad you were able to pay it off so now no worries about the IRs til next year.I have the same stipulation on my bank here in the USA. I bet getting that income tax done with is like have a heavy weight on your shoulders lifted off.Wow wish your sister could budget and plan like you do. way to go Ricki
@GardenGerty (80320)
• Marion, Kansas
30 Jul 12
I guess you could put a little aside from every check starting now and then you would not end up owing them. I guess anything you get ahead on is good.