Making Your Tax Refund Last!

Greetings and money blessings to you my friends! Oh how quickly time flies.  Tax season has approached us yet again.  For those of us who pay taxes annually, it's a somber time and also a procrastination to stretch the dreadful filing out to April 15th. However, for those of us who receive refunds from our Federal government and state agencies it is a wonderful and stimulating time 😉😉😉.  I have a few tips to make that money stretch possibly until the following tax season.

Choose a 'Don't Touch Me Amount'

Have a pre-determined amount in your mind that you will set aside upon immediate receipt of your refund.  This could be a start to your savings account or an addition.  My recommended amount would be 50% of your refund or more. That sounds like a lot, however this is additional income.  If you have been able to survive without it the last 11 months, then you will be able to survive with out it again!

Budget the Remaining Money

Let's say your total refund is $6,000.  You graciously set aside $3,000 in a savings or money market account and you now have $3,000 available to use at your disposal.  Budget this money wisely.  Pay one month's rent or an additional principle payment on your mortgage, pay down some debt, or pay some utilities in advance.  This will give you a healthy financial start and free up some earned income for at least 30 days.

Have some fun!

After you have handled your refund responsibly, budget some money in there for something fun.  Fun to you could be shopping, vacation, dining out etc.  I have known and seen it with my own 2 eyes people using what seemed to be their entire refund on fun!  Every night eating out at 5 star restaurants , lavish vacations, red bottom shoes, or retro Jordan's and brand new bags all being bragged about on social media to people who, quite frankly, don't give a shit.  The truth is that we are all caught up in our very own world's.  We may like a picture or comment, but soon after we have forgotten all about you. So have some fun, but be smart about it!

Make It Count Finance INC is pleased to service your income tax needs at standard flat rates (unlike the big guys who charge you fee's based upon your refund amount). Contact us to make an appointment today!

614-598-2224
1729 Brice Rd.
Reynoldsburg, Oh 43068
makeitcountbks@gmail.com