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scrappypeanut
StuckOnPeas
PeaNut 210,542
June 2005
Posts: 2,913
Layouts: 19
Loc: Behind the camera!
 |  Posted: 12/29/2012 2:11:03 PM
(If one is not passed).
I know it will mine. I am hoping CHA underwhelms me. LOL. | |
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dalayney
Shut the PEA UP! Yer gettin me all twitterpaited!
PeaNut 123,471
January 2004
Posts: 16,351
Layouts: 165
Loc: Husker by Heart in WI
 | Posted: 12/29/2012 3:21:35 PM
I think alot of people are going to be surprised just how much this will affect everyone when they go do their taxes. (if something isn't passed) Heck, if they don't do SOMETHING, people won't be able to even file till, I heard, march? For those that get their taxes done right away in anticipation for their refund, that's gonna hurt. (let alone refunds will be smaller)
I see my own paper crafting business getting a little hit by it. It's the first thing we cut out, when we have to tighten the budget, our hobby. |
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KBPea
Ancient Ancestor of Pea
PeaNut 395,153
October 2008
Posts: 9,916
Layouts: 135
Loc: Here
 | Posted: 12/29/2012 3:30:03 PM
Not immediately because I keep my budget pretty small already and most of the big changes (reduction in child tax credit, AMT, loss of unemployment benefits) won't affect me directly, but the long-term macroeconomic impacts might hurt it down the road. For example, I'm sure it won't help the employment rate, and if I can't get a job when I finish school I'm not going to increase my scrapbook budget. If I manage to get a good, high-paying job I'd be prepared to spend a lot more. | |
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Scrappinnut01
PeaAddict
PeaNut 101,443
August 2003
Posts: 1,269
Layouts: 0
| Posted: 12/29/2012 3:30:15 PM
Yep, it's going to stop my spending. No more new scrappy supplies. I'll have to use only what I have. No more eating out and no more buying anything fun. My DH and I give ourselves a monthly allowance to spend on whatever we want, but we're not going to be able to do that. We have to come up with the extra taxes somehow, so all that goes until we see how much this will affect us. Sad thing is, we only get paid once a month, on the 26th, so we have to wait until then to see how much less we get on the check. | |
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spokanemom
PeaNut
PeaNut 361,162
February 2008
Posts: 170
Layouts: 25
 | Posted: 12/29/2012 3:46:24 PM
Probably. So, I just bought a bunch of stuff today while it is still 2012.  | |
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gerryglow
PeaNut
PeaNut 77,852
March 2003
Posts: 336
Layouts: 7
Loc: Illinois
 | Posted: 12/29/2012 4:17:01 PM
I think alot of people are going to be surprised just how much this will affect everyone when they go do their taxes. (if something isn't passed) Heck, if they don't do SOMETHING, people won't be able to even file till, I heard, march? For those that get their taxes done right away in anticipation for their refund, that's gonna hurt. (let alone refunds will be smaller)
No matter what happens it won't effect the taxes we will be filing for 2012. The immediate effect will be smaller paychecks and long range the taxes we file in 2014 for 2013. |
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aerynkelly13
StuckOnPeas
PeaNut 176,471
November 2004
Posts: 2,707
Layouts: 26
Loc: Big Bear Lake, SoCal
 | Posted: 12/29/2012 4:21:38 PM
I will freely admit that I don't understand what's happening. BUT, DH has said that it will affect us negatively and since I was already going to work on curbing my impulse spending I'm certain that can only help us down the road. |
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thenancyrd
PeaAddict
PeaNut 369,162
March 2008
Posts: 1,009
Layouts: 5
Loc: New Jersey
| Posted: 12/29/2012 4:32:53 PM
I am like aerynkelly, I am not financially up on things but I know personally the beginning of the year is a shock after the Christmas spending... I'd better get myself in gear and rejoin the frozen peas, use what I have (what a concept, haha!) |
~Nancy
New for 2013... scrap more, read more, run more, enjoy more... worry less
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zimmy85
PeaNut
PeaNut 518,528
August 2011
Posts: 449
Layouts: 0
Loc: IN
 | Posted: 12/29/2012 7:05:55 PM
gerryglow thanks for clearing that up because I was thinking that was how it was going to work and then when I read we can't file taxes early I was a little freaked lol. I already booked for spring break but we always use our tax return because we get it early. I will definitely have to re-plan that for 2014 if thats the case |
Lora
Mother of 2 great boys | |
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Shih Tzu Mommy
Million dollar camera, 10 dollar lock!
PeaNut 224,352
September 2005
Posts: 23,525
Layouts: 0
Loc: Right here
| Posted: 12/29/2012 7:12:12 PM
I wish I knew what the real impact will be. The bump in the Social Security won't be a huge impact, we're really just talking about going back to what it was and thankfully I don't pay it after about May 15 usually, but beyond that, I am not clear on what other impacts there may be for our family. |
Dog people are a special breed! | |
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Riprornfun
PeaNut
PeaNut 19,722
August 2001
Posts: 33
Layouts: 0
Loc: Pooler, GA
 | Posted: 12/29/2012 7:15:29 PM
I'm in the same category as aerynkelly and thenancyrd. I don't really understand it, and honestly try to avoid getting a better understanding. sometimes for me, ignorance is bliss because it keeps my hair from falling out... |
-Terri
Time to start using all these supplies I've collected over the years!
Lets get ta' croppin'!!! | |
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scoobers
Why, YES!, I am a princess.
PeaNut 417,049
March 2009
Posts: 12,860
Layouts: 0
| Posted: 12/29/2012 8:31:05 PM
I think scrapbooking money is going to be the least of our worries...... |
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