Category Archives: Lunchbox Conversations

LunchBox Conversations: Babies and Marriage Equal Tax Shelter

Hello again! Seems like I was late to publish my post today. This weekend was extremely exhausting. I ended up working on work Saturday night, babysitting Sunday, and working on work again on Sunday. Let’s just say I was so tired I passed out at 8 pm, and didn’t wake up until 7 am when my work alarm went off. Friday afternoon I went to an orthodontics consultation. I have always wanted to get braces – my parents couldn’t afford it when I was growing up- and now that I have insurance and a paying job, I finally can! The perks of being employed :) I will have to write another post about the breakdown of the braces plan.

So, today it’s another installment to the LunchBox Conversations series!

I find that my coworkers always talk about the most serious things. I feel like a little kid listening to them talk – remember I am the youngest by at least 5 years-. During one of our lunch conversations, we started talking about taxes. Taxes…yuck right…the money we have to give up to the government to live in such a great country, but hate  to see it go.

One of my coworkers mentioned how her now husband jokingly mentioned at the beginning of their dating journey how his CPA advised him he should either get married or buy a house to stay in his current tax bracket. They ended up getting married and buying a house later, double tax deduction! Now they are having a baby – child credit -, and she went to school this year – education credit-. We joked how they were going to benefit greatly from marriage and babies….

Do you ever think about your spouse or kids as a tax shelter? Yes, there can be no money $$ assigned to a human being. I know my hubby is priceless, but it’s pretty interesting to think about the benefits of being married :) Standard deduction is $11,900 for us! :) Come on spill it! :)

LunchBox Conversations: New Car Smell

I’m starting a new series called Lunchbox Conversations!

Remember when we were little kids and we used to bring our lunches to school and sit around the cafeteria table and talk? Well, I never actually brought my lunch from home, but I did buy cafeteria lunches. Not the greatest of meals, I would end up giving/selling my food away. Seriously, I was in fifth grade and selling my food to my classmates. Talk about a side hustle 😉 Oh how times have changed…oh wait! They haven’t!!! Guess what I do during my lunch break? Sit around the cafeteria table with my coworkers. Instead of the cheerleader, football players, nerds cliches; it’s based on department or team.

Yesterday we ended up talking about new cars and what they would buy for their new car. One of our coworkers’ car had some problems last weekend with the transmission, it’s a lease that’s up in November, and he has already thinking about his new car. He is still debating whether to lease a new car or buy. In his mind, it all depends on how often he wants a new car. His comments suddenly brought on other coworkers’ opinions about their cars. One of my coworkers is pregnant and about to have a baby. She really wants a new car because of the baby and all. I asked her if she had already finished paying off her cars. She responded “oh h*** no…..We got a really good deal on it if only my credit hadn’t been so bad then.” She later mentioned how her graduate student loans grace period ends in February, and she is not looking forward to those repayments. She just finished her MBA this week. Not to mention the home mortgage that is only 2 years old.

I am not picking on my coworker, but I really wanted to ask her how can she possibly think about getting a new car when she hasn’t even paid of her current car loans (2), student loans, and has a baby on the way!?!

We are not talking about a nice new to us, but used to the old owner car. I mean a car that is a minimum $25,000. That’s the figure she was talking about.

Am I being too harsh? Maybe, I do have an allergic reaction to debt. We have 5K in debt right now and I can’t wait until it’s gone. Hopefully by next August. But I can’t even think about getting into more debt.

I really wanted to shake her and ask how much debt do you have woman and don’t you care about your baby’s future??? Why are you not starting to pay your student loans now instead of waiting for six months???

But before I could say anything (ahem imagine I said it), my other coworkers popped in and started talking about test driving new cars like the Ford Fusion or a brand new Camarro. Maybe they are getting paid more than me??? It’s the only way the could afford such luxuries.

What do you think? Do you have similar talks?