For about 24 hours my dh and I owned a brand new king sized bed.
We’ve been dreaming about it for years – 3 to be exact – ever since my parents decided their newer king sized bed was too firm and it was time to buy another one. The first bed got moved to the guest room where dh and I slept one peaceful evening.
It was heaven.
DH is a big guy. We have 3 growing boys who love to crawl into bed with us every morning between 6-7 a.m. A king sized bed is exactly what we needed.
So we scoped out prices. We knew it was going to cost us.
Once January hit we started figuring out in our minds what our tax return would be. We estimated it at around $4,000 due to some cattle loss. I own my own business. DH is a part-time farmer. We even went so far as to talk to our accountant, briefly at a public event. He seemed to think we’d probably get somewhere around that figure back as well.
We were pretty confident.
Last Sunday a furniture store ad with sale beds was a little too tempting, so we took the plunge and bought a bed. Put the balance on our credit card (which is paid off.)
Monday was tax time.
When all was said and done we discovered that we’d be getting less than half that much back.
How can that be?
We overlooked a few details about owning a business.
Good bye bed – we hardly knew ya! (Actually, we never knew ya… it was supposed to be delivered Friday.)
Sure we could have kept that balance on the credit card – paying it off over the next six months or so. But that’s not what our new financial life is all about.
The first half of our return has been earmarked towards some small lingering debt. That’s where it’s going to go. The second half of the $4,000 we thought we were getting? It’s gone. But because we made the wise decision to halt the bed purchase, we don’t have to worry about paying it back in 2008.
And that feels good.
January 30, 2008...4:19 am
you made your bed…
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