Question

If your getting back almost $10000. What would you do with it? Pay off your car $4900. Pay a down payment for a house $5000. Or pay for lawn equipment and start a side job that could potentially make $2000-$3000 a month?  

Answer 1

Car and house!  

Comments

Then save for side business!  

Answer 2

I'd pay off any debt I can

Answer 3

Im paying off all the CCs and half of the last student loan. Then going to save.  

Answer 4

I would pay off my car and get equipment for the business and make the $$ save it for the down payment towards the house.  

Answer 5

Definitely payoff the balance of my debt. the rest will come

Answer 6

Car and side job

Answer 7

I would say car and house. Then work on using sinking funds for lawn equipment and side job savings

Answer 8

I would do car and lawn equipment and then use the money from the lawn business towards your house . a house is important but it’s not immediate

Answer 9

Def car and any debt! Than side hustle. but idk if I’d put that much off the back k to a side hustle unless you had customers lined up!  

Answer 10

Car and house. Then save for lawn equipment (If you live in an area with snow for the cold weather, you won’t be using much lawn equipment right now anyways. You can save that by peak spring season. )

Answer 11

Bye bye car payment. The remaining amount is emergency fund for 3 months. Don't know how much your car payment WAS but after getting that money together then I'd invest in the lawn care equipment for the side hustle for the down payment on a house. Of course this is just what I would do. My opinion.  

Answer 12

Definitely car then lawn equipment for side hustle.  

Answer 13

Car, equipment then savings. (As long as you already have emergency fund. if not first $1000 there)

Answer 14

What’s the side job?  

Answer 15

Pay off debt then start saving for lawn equipment!  

Answer 16

Pay off debt first

Answer 17

Car and side hustle for sure

Answer 18

We personally are saving for a house, paying off debt, EF and going on a mini vacation. Most of it went towards our house fund tho.  

Answer 19

Pay off car for sure.  

Answer 20

Cat and side job.  

Answer 21

Car and side hustle. I'd use the side hustle to make up the money quickly for the house down-payment.  

Answer 22

Is your emergency fund fully funded? If not, I’d start there and then pay debt.  

Answer 23

Pay off car. I would want a bigger down payment on a house.  

Answer 24

We are paying off our vehicles with those payments gone it will free up over $800!  

Answer 25

You want the down payment on a house to be at least 20 percent of the appraised value of the home in order to not have to pay PMI insurance. Pmi could increase your monthly payment by around 150/200 per month, probably more. Thos is just an insurance for the bank in case you default on your mortgage. If you put 20 percent down you dont have to pay PMI. I would suggest pay off car. When it comes to starting a side business, try starting it without putting any money into it, even if that means breaking even at first from not having the money to make it more efficient. You might not enjoy the work. I have tried (and know other people who have tried) to start side businesses / side hustles and spent a decent amount of money only to find 1. The work isnt there, 2. I didn't like the work, 3. Unanticipated costs. An example would be a mobile car washing business. Dont go out and buy a new vacuum, carpet cleaner, mobile generator, and a whole bunch of other stuff. Start small. Do everything you can and just charge less. use your personal home vacuum at first and ask if you can use their electric and give them a discount. Dont offer carpet cleaning right away.  

Answer 26

I’d Venmo me. That goes for all of you! Just saying  

Answer 27

Personally I’d pay the car and save the rest until you’ve saved what you paid on the car. Then you’ll have extra in case things go sideways. A larger down payment will make a big difference in the home buying process.  

Answer 28

Pay house and car.  

Answer 29

Pay off debt and a down payment for a house or the rest in savings or investment.  

Answer 30

Car and job

Answer 31

Ive started doing lawns with under $100 you dont need everything to start out

Comments

@grow399 id need a lawnmower

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@targett they go for $70 to $100 on marketplace this time of year

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@grow399 not a zero turn

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@targett guess not. In all my time doing lawns ive never used one. Wishing you luck tho

Answer 32

Pay off car $4900 Buy the lawn equipment for further investment $3600 Then put the remaining $1500 towards you house down payment and save your extra cash going forward towards your $5000 house saving goal ‼️

Answer 33

Pay off the car and down payment for a house

Answer 34

I’m going to sit here and dream about a refund that size!  

Answer 35

Always always pay off the debt first. I would also save the rest for the house payment; because if you’re eliminating the car payment then you could use that money to save up for the lawn care equipment.  

Answer 36

I would pay off the car then do the lawn equipment

Answer 37

Pay off your car and put the down payment on the house. You’ll have $100 left.  

Answer 38

How are yall gettin 10k back? I always have to owe ‍♀️

Comments

@jacky 3 kids and a lot of tax right offs.  

Answer 39

I’m getting back a Decent amount and or the first time ever I’ll be saving it. I haven’t had a savings in over 10 years and I’ll be happy to see that amount in the bank for when we get a place.  

Answer 40

First do a big ol’ happy dance because we have never gotten close to that kind of a refund.  Next do what’s going to bring you the most peace of mind.  

Answer 41

Personally, I’d pass out!