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Lucky Day

November 20th, 2014 at 08:37 pm

**I noticed that the projector that we just bought was selling for $200 less today. (Probably has been one sale for a while, isn't that how these things go? Did it go on sale the day after we bought it?)

I wasn't sure it was the same projector, but I forwarded the link to dh. He pretty quickly wrote back that he had secured a $200 refund. Woohoo!

**Dh found a large amount of change, like he always does. It was up on a ledge and so I presume he just felt weird taking it. Because it wasn't on the ground? Don't ask me. Noticed it while picking up LM from school and I was going to let LM grab it on the way home, but forgot.

Anyway, I remembered later when driving the kids home in the evening and BM popped out of the car and the change was still there.

Three quarters and three dimes!

Other Fiscal Doings:

**Payday this week; paid off projector purchase. (When I get the $200 refund I will put it to savings).

**I redeemed $40 cash back from the Citi double dash card. Will throw into investments (snowflakes to investments). I expect to have $3,000 by year-end. (Not ALL snowflakes, but heavily contributed to with snowflakes).

**I harvested gains in the kids' investment accounts. I thought I was going to skip this year, but I can't complain about the market.

I basically just sold and re-bought their funds, to lock in tax-free gains.

**I made a play on Target stock after the data breach and that is paying off this week!

**I paid $2.65 for gas this week.

4 Responses to “Lucky Day”

  1. creditcardfree Says:

    When you get time can you explain the harvesting of gains and how that makes them tax free? Changes the cost basis?

  2. starfishy Says:

    lots of good news! i'd like to hear about the "harvesting" to and also how did you benefit w/target breach - did stock drop and then you bought?

  3. MonkeyMama Says:

    Gain harvesting:

    http://www.bogleheads.org/wiki/Tax_gain_harvesting
    Yes, it resets the cost basis. In our state, with the kiddie tax, it is fairly simple. The gains have to be long-term to be tax-free. (I don't know if I saw that mentioned in the article).

    As to our own taxes I will have to think about it as we have taxable investments now, but there is no way to get the gains 100% tax-free. Any increase in AGI will reduce our deductions and create tax, etc. etc. So I will have to meditate a lot more on our own gain harvesting strategy. IT is probably still worthwhile, but it will take a lot more brain power. With the kids, I sell every $1k gain or so - that is the sweet spot for avoiding our state taxes. {I don't have their money in college specific funds for various reasons. Being able to keep the investments tax-free is one of the reasons - might as well keep the money free to use for *anything*}.

    Starfishy - yes - I bought the stock when it dropped due to the data breach (about a year ago) and it rose significantly this past week so I sold it. I am trying to be more cognizant of these kind of opportunities. On some level it's a pretty simple stock strategy, but hindsight is always 20/20.

  4. FrugalTexan75 Says:

    Sweet deal on the projector!

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