It’s that time again, many Americans have filed their taxes, and some are fortunate enough to have received, or will receive a return! You probably have asked “how do tax return works”, “where is my tax return money” but once you get it, what are you going to do with it? If you are one of these tax-paying Americans with a net gain at the end of your 1040, here are a few things to consider doing with your tax return money:
- Invest! If you don’t need the cash for important things right now, talk to a Financial Advisor to help point you in the direction that is best for you. I happen to know a few good ones 😉.
- Pay down your debt; some folks may have a Christmas debt hangover and could use the extra cash to right their personal financial ship.
- Increase your liquid savings; instead of just letting them sit, add them to your savings. Or, start savings and set a goal for yourself to steadily increase it.
- Buy a house! You can never go wrong with this strategy, contact us and we can get you started today!