Hey Austin, what are you doing with your tax refund? Take your significant other to Uchi or a weekend in Fredericksburg? Here is a better idea: Pay off your debts!
In a perfect tax world, you would owe the IRS zero and they would owe you zero. That is because your paycheck tax deductions would have paid all your taxes during the year. But that never happens.
When you get a tax refund, you have given the US Government a 12-month, interest-free loan! For example, if you get a tax refund of $2,500 that means you lost out on approximately $210 per month! You could have used that money to build an Emergency Fund, pay down debts or fund your child’s 529 college plan.
Need help with making such financial decisions and want to organize your finances?
For $149, Captial Budget Strategies, LLC, Austin’s best Financial Coach, can help! In about four hours, we will determine your true Net Worth, set up a Personal Monthly Budget, an Emergency Fund and a Snowball Debt Repayment Plan. We will even see how well you are doing saving for retirement.
Our Austin Money Coach can meet at your office, your home or our home office. We can meet during the day, in the evening and even on weekends.
Get more information at: AustinMoneyCoach.com
I know, it is fun to get that large check every April. Seems like a gift, right? Sorry, time to be an adult with your finances!
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