Use It, Don’t Abuse It and Store A Bit Away
Would you believe that the IRS gives something back to 77% of the people who file their tax returns? There’s no need to cry for them because they still collect one hell of a lot of (y)our money! But it’s good to think that millions of people do receive tax refunds and that the last average reported figure was not far short of three thousand bucks. So the chances are that many people reading this article can be expecting a windfall from the US Government.
But hold on a second…this isn’t the Government’s money that you are about to receive. This is your money which has been taken from you by the Government asking for too much. So this isn’t Christmas by another name – it’s a return of what is justly yours! Nonetheless it’s tempting to have a splurge at the shops or even book a cheap weekend at Vegas. But you would be very wise to avoid such temptations.
Here are Some Ideas
First of all, I don’t want to be a misery! But fun is having money in the bank when you need it – and remember that the greatest and most fun packed nights out are still going to be followed by the morning after!!! So here follow a few suggestions. Do you have an emergency fund – something you can dip into when there is a crisis which needs money straightaway – your wife has to go visit a sibling who is ill in another state and the cash is required for the air fare or your car needs a really expensive part otherwise you won’t be able to re-license it. If you haven’t got such a fund, now is the time to create one.
The second fun thing you can do – although you may not call it such at the time – is to use the cash to pay off debt. What could be more fun than to have a zero balance on your credit card bill?
Thirdly – think about retirement – maybe you think of little else!? Put the cash towards some form of saving – every little helps. Losing your main income with nothing to replace it sure is no fun at all.
Did You Ever Consider a Car Title Loan?
And a final thought about clearing debt. Why not aim to make this the year when you get rid of all those cards. Take out a car title loan and add what you borrow to the refund and just have one payment a month to deal with – and with the help of a car title loan, eventually no debt at all! That’s fun…