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Smart Moves with Your Tax Refund

Posted by Admin on 3/11/2016

 

Are you celebrating a tax refund?  Mazel Tov!  But don’t go blow it on something weird.

Here are 4 good moves to make with it.tax_accountant_robot_robix_3.png

  • First, build (or start) your emergency fund.  That’s the money you dip into if there’s an unexpected mishap for example.
  • Second, pay down your highest interest credit card.  But be careful not to run it back up. 
  • Another smart option, put it into a special savings plan, for retirement, or a college fund
  • Finally, think about prepaying for an upcoming vacation.  That way, you’re not putting your trip on a credit card.

With these four ideas, you can become a tax refund genius.

Do us a favor please.  Tell your friends about us so they can be smarter about their money too.


Topics: Consumerism, Video Blog, Taxes, Investing, Saving

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Feel free to peruse about. Here you’ll find stories, posts and tools aimed to assist you as you’re faced with daily to once-in-a-lifetime financial quandaries. This is your SmartLab (lab coat optional). We want you to get the most from our articles, and we welcome your ideas to help us continue to bring valuable content to you. Check out the comment section at the bottom of every post for easy ways to share feedback. We’re learning, too, and what better way to encourage smarter banking than to share tips and resources with each other? Not to mention, it’s a great chance for us to get to know each other!

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