I’m now clear for the year! Is it weird that i actually enjoy getting everything organized and then waiting to see how much i won?! haha…There’s just something about recapping the entire last year and having an overall look at how well/worse you did compared to previous years. The fact that we’re “forced” to do it also plays a part i suppose as it’s not like we can just skip a year ;)
The only part i really can’t stand is when you’re patiently waiting for all the w2’s, 1099’s, and all other sorts of forms to roll into the mailbox. It’s frustrating when you’re waiting for that very last piece to the puzzle, and it somehow takes that company an entire month after all the others to send it in! arghhhh…
At any rate, i finally had mine done and i’m getting back almost $4,000!!! I gotta tell you, i’m pretty damn ecstatic too. This is the largest return i’ve EVER received.
I also forgot to mention that i use a CPA to do my dirty work. is that bad? does everyone else around the finance bloggeroo do it themselves? I feel like mine “finds” ways to get me more back each year, so the money i pay her is recouped. Over the past 4 years using her, it’s cost me a total of $700.00 ($195, $195, $155, and $155 respectfully). Wow, that actually looks like a lot seeing it that way!
I can definitely see the benefits of filing your own:
– saving $150+ each year
– learning HOW to do it
– filing at your own leisure.
But, for me, the negatives win over:
– messing up
– not catching ways to save more & giving the gov’t MY money.
– and going to jail
That last one is pretty ridiculous, but it IS indeed a fear i have. Going to jail when you didn’t knowingly do anything bad! *shiver*. Granted there are some shady CPA’s out there, but i trust mine pretty well and so far so good all around.
Who knows though, perhaps i shall read all about this stuff so next year i can do it my self. I’m interested in seeing how many PF’ers out there actually file their own? I guess there’s no harm in at least trying it first, and then shooting it over to my CPA for review right? I’ll put it on my list of “things i should probably do, but don’t feel like doing” this year.
Killer resources and apps:
- Best Budget Templates & Spreadsheets (FREE)— The best free budget templates from around the community! Including the ones I use :)
- Personal Capital* (FREE) — A great app to track your investments and net worth. You can see an in-depth review we did here from a millionaire who checks it daily 😂
- You Need a Budget (YNAB)* (FREE TRIAL, then $14.99/mo or $98.99/year) — One of the BEST budgeting methods in the space, with new users saving $600 on avg their first two months, and more than $6,000 over their first year! Check out my friend Vic’s review of YNAB here that went on to completely change his finances 💪
- Digit (FREE 6 mo. Trial, then $5/mo) — This is one of my favorite apps for automatically saving money, and I even came on board as an advisor I believed in them so much! You can see my full review on Digit here.
- Acorns* ($3-$5/mo) – Similar to Digit, this app helps you automatically INVEST money by rounding up all your transactions to the nearest dollar and then investing it right away for you. My full review of Acorns can be found here.
- Honey (FREE) — By far my favorite coupon service out there! Click the Honey button any time you're about to buy something online, and BOOM - any discounts it finds will be automatically applied at checkout. You can see my write up on them here.
- Credit Karma* (FREE) — An easy way to check and monitor your credit score AND report! See my full review of these guys here.
- My Favorite Blogs + Books < -- Click here to see all my other recommendations!