In light of the money I’m now going to be seeing with my tax refund coupled with my bonus which will show up around the end of February as well as the $700 I’m getting back from an unpaid insurance claim I just found out about recently, I’ve been thinking through how exactly to allocate all of these funds.

Therein lies my dilemma.

The gazelle in me says “Make Dave Ramsey proud – throw it at the debt!”  But then there’s the other part of me that looks at a chunk of unfinished items that also need to be addressed in my home and wonders if I shouldn’t siphon off some of that money to cover a few of them.

This is really tough for me because all I really want to do is pay off those stupid credit cards… Then again, some of these things aren’t exactly luxuries.  Sigh.

I’ll be having my monthly budget meeting with Shanna in a few weeks, but in the meantime as I’m thinking through this stuff, I thought some of you might be willing to give me your two cents.

The open items requiring money are:

  • Downstairs Baseboards ($?) – These were left undone after my wood floors were put in and need to be completed.
  • Bed ($600…?) – I hate my bed.  I’ve suffered with it for 2 years and don’t think I can really take much more.
  • Kitchen floor ($?) – Also left undone after the wood floors were installed.  Needs to be tiled and sealed.
  • Patio door ($1,000+) – This is an issue because the current patio door is leaking in heavy rain which seeps in at the foundation and will ruin my wood floors if not corrected.
  • Upstairs bathroom ($?) – Disgusting.  I’ve dealt with it for 3 years, but it has a mildewy smell and needs to be gutted.
  • Landscaping/patio installation ($3,000) – I’ll get into this more in a minute, but essentially it’s extra living space and a chance to clean up someone else’s terrible mess that I inherited when I bought the place.

In thinking through the priority of said items, I think for me it goes something like this:

  1. Kitchen floor
  2. Patio door
  3. Downstairs Baseboards
  4. Bed
  5. Landscaping
  6. Upstairs bathroom

Now I know that the landscaping thing is the most expensive by far except for the bathroom, probably, but it would be so great to have that done.

In order to understand why this is a priority for me, you’d have to know that today both my backyard & front yard are an absolute mess.  There are 6-foot tall weeds growing along the side of my back fence which I have been unable to get rid of.  The rest of the “planting boxes” (for lack of a better way to describe the crummy brick boarder around the yard) are full of jungle-like vegetation during the warmer months of the year that all but threaten to overthrow the yard itself and displace me from my home.  The yard itself floods easily which makes for a real swamp in the rain.  There’s nowhere to sit or do anything outside right now which is something I really love when the weather’s nice.  The front of the house has a large, barren garden with 2 dying bushes in it.  The fence on the front porch is rotten.  There is a built-up garden area to one side of the porch which has rotten railroad ties which are falling down.  In short, it’s just awful.  I would love to have a place where I could sit in the front or the back.  In a small townhouse like I have, any extra living space is a big deal, and my yards are the only additional living space options I have.

Basically, I know I could spend away all of the extra funds I’ll be seeing in the next couple of months if I’m not careful, but I don’t necessarily think it’s a bad idea to use that money to cover even a few of these things.  Say, maybe items 1-5.  Part of what makes it difficult is that I don’t know exactly how much most of those things will cost, although I suspect the kitchen floor will only be a few hundred, and the baseboards will not be that much either.

So I can either pay off my remaining credit cards completely, or get some items in my home completed and I have no idea what to do.  Of course it also doesn’t help that I don’t know how much my bonus will be yet either – we’ll find that out closer to the end of this month.  This will certainly have an impact on my decision here as well.

Thoughts anyone?  The lines are open.