Tis the tax season to check what can be a daunting task off your list. Here are a few ways to get the most from your tax refund.
- Opt for Direct Deposit for Your Refund - Provide your routing and checking account numbers to your tax preparer. You will save loads from unnecessary fees by avoiding the pre-paid debit card provided by some preparers.
- Pay Down or Eliminate Debt - Use the refund to pay off debt that has been lingering! Reducing or eliminating debt can provide a boost to your credit score and increase your capacity to borrow in the future.
- Create Emergency Fund - We agree with our financial counselor Kelly Brantley Opens a New Window. that $1000 is the first step in the right financial direction. An emergency can be handled with ease when you have a fund to refer to.
Tax refunds can be used to provide ease to you and your family. Don't take the fun out of 'refund' it's certainly ok to treat yourself. What's really rewarding is if your refund is managed wisely, you are providing future buying power for you and your family!
Contact us at (318) 340-9656
