Reply to On convincing spouse to be responsible with tax return / The art of compromising?

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[quote=Anonymous][quote=Anonymous]What is the cause of the negative net worth? What kind of debt do you have?

What does he want to spend it on? What did you want to put it towards? You say you wanted to spend $0, I assume you just mean spend $0 in a "fun" way and put it all to debt.

I generally am of the perspective of if you have consumer debt, you should be paying that down aggressively once you have a very basic emergency fund. So I'd make sure you have a couple months savings, then pay down debt. But it also depends on what he wants to spend it on and how much of it is a "want" vs a "need" you'll do at some point this year anyway. [/quote]

^I do mean refund. thanks pp

The largest chunks are student loan (some large ones at 6.8% interest) and our mortgage. A larger auto loan, and one small auto loan that would be $0 if we put the entirety of the refund on it.
I want to put it all to debt. My perspective, which I am trying to adjust a little, is that we should have had that money last year. Most of it, if we had withheld properly. (We have already adjusted withholdings for the next year).
In that case, if we had had extra, we would have put it to debt. I mean, sure, maybe we would have spent more. But 2016 is gone, and we spent what we did, and this is extra to be responsible with. .... right?

We are holding off on retirement savings in order to pay the debt. For at least 3 years.

This is why I'm quite serious about spending none of it.[/quote]

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