Smart Moves For Your Tax Refund

Tax Refund

Smart Moves For Your Tax Refund

What is the Money Date? A weekly time to check in. 3 things we review and update: 
1. Spending
 2. Earning
 3. Savings

Expecting a tax refund this year? What should you do with it?

  1. Debt – What debts do you have month to month? What are you paying interest on? Credit Card? Student loans? Can you pay one of these down? Pay the highest interest debt first.
  2. Emergency Fund – Do you have 3- 6 months of living expenses saved? If not add your tax refund to it. High yield online savings accounts are best.
  3. Fund Your Goals – Buying a car? Saving for a trip? Getting close to retirement? Add this money to your goals fund.

Hopefully, you are getting a refund or not have to pay taxes. Review your tax withholdings so you do not have to pay at the end of the year.

The avoidance of taxes is the only intellectual pursuit that carries any reward. – John Keynes



Anna Sergunina
Anna Sergunina

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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