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
anna@mainstreetplanning.com

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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