It’s finally that time of year again. That time when you receive your income tax refund. The big question is, how are you going to use that money? Many people wait for this time of year to pay off bills, save for the future or splurge on something new. No matter what you decide to do, here’s a few suggestions:
Pay off debt or loans!
Do you have a credit card, car, motorcycle or house payment? Free yourself of the burden of debt and give yourself a little breathing room and pay that debt off!
Save it for a rainy day!
If it’s not one thing, it’s another. That’s just life. Flat tires, sick kids—these emergencies happen and it might be nice to have an emergency cushion on reserve to cover the unexpected. It may not be as fun as a new TV or a grill, but you’ll be happy you have it when an unforeseen event happens.
Travel—see the world!
You may be one of the lucky people whose debt and rainy day fund is already set. So take time to travel this summer. You can easily set a budget for a trip and go places you’ve wanted to go for awhile! Don’t be afraid; cross it off your bucket list!
Want more tips? There’s always advice to be had at Beaton Accounting. Our experts are here, ready to answer your questions at a moment’s notice. For a FREE tax consultation, call today! (631) 921-6894.
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