Your taxes are made, and hope you get a refund.
Now, the big question is: What is the best use of your tax refund
Being the savvy fund manager you are, you are looking for ways that your tax windfall can help you move forward. You can make a little crazy, but you see this as a chance to improve your finances in the long term
Whether your refund is large or small, here are some ideas to get the most from yours .:
1. Pay off high-interest debt
it may not be exciting, but it is at the top of the list for a reason. the high interest debt can kill your financial future if you let it.
If you pay 18%, 24%, or even more interest on consumer debt, use your refund to pay off.
Yes, consumer debt includes car loans. If you need more in consumer debt that you can pay immediately, make a plan to pay as soon as possible.
2. Invest in yourself
Can you make yourself more valuable in the workplace by taking a class, get a qualification or learning a new skill?
If you do not like your work, use your tax refund to embark on a new career, or to start a small business. Tweet this
3. Stop the money out of the window
If your home is not weatherized, your money will literally out the window -. And through the ceiling, the drafty fireplace
You may be able to get free advice from your local power company on the most effective ways to save money on heating and cooling of your home.
Sometimes just another layer insulation in the attic can keep your warmer for less money.
4. Check other home repairs
Fix leaky faucets, changing furnace filters and air conditioning, and take care of all the other little problems before they become big problems, expensive.
5. Start an investment account
If you have not started investing on a regular basis, now is a good time to start.
Do not wait until you have more money to start learning about stocks and other investments and make a habit to add to your account.
there are not many years, it was difficult to invest in the stock market with small amounts, because the commissions on sales of shares were prohibitive.
now you can online investment with very small quantities and always move forward.
6. Contribute to your retirement plan
What better time to go aside money for retirement when you have an unexpected windfall? Found along without it before, hopefully you will not miss now.
7. Invest in equipment do-it-yourself
Equipment such as a sewing machine, a set of home repair tools, and canning products can you make more autonomous.
They will still pay for themselves and save you money by doing things yourself.
8. Start a garden
If you have not gardened before, you might be surprised at what it costs for a few shovels, seeds and berry bushes, and odds and ends.
You can use these tools and supplies for years, however, and to enjoy the fruits of your hard work.
9. Get makes preventive car maintenance
Safety is always the priority, so get new tires if you need it, and make sure your car is in good shape for another year.
You might be able to avoid the most expensive car repairs in the future by taking good care of your car now.
do your tax refund more or less this year than in previous years? Were you surprised
Photo: fatboyke (Luke) via photopin cc
0 Komentar