What do you do on the rare occasion when you receive a check in the mail?
Case in point, yesterday's mail brought a refund from our mortgage escrow for last year. I guess we over-paid and they didn't need that much to pay our taxes, insurance, and all that stuff.
So they sent us $350 smackaroos in the mail. (And, I pretty much love smackaroos, don't you?) It's not really a windfall - it's our money, which we paid them. They're just giving it back. But it was unexpected and is thus 'free money'. Like a big ol' tax refund.
But what to do with it? Options include:
- Deposit in savings account.
- Make a one-time extra payment to either the mortgage, or our car loan.
- Use it to buy some of the things we've been holding off on for the house. (e.g. End tables for our bedroom (currently we have a stack of shoe boxes and a TV tray, a futon mattress for the bare frame in the extra bedroom, etc.)
- Use it for something cool-but-frivolous (our 'go-to' in this category is usually camera gear or other nerdery).
We've pretty much ruled out the 4th option, but I'm seriously considering #3. What do you do with 'free money'?