6 ways to make the best of your tax return
TRANSCRIPT
6WAYS TO MAKE THEBEST OF YOUR TAX
RETURN
A Presentation By John J Bowman Jr, Accountant
PAY DOWN YOUR DEBTYour tax return may not pay off all ofyour debt, but it can help chip away at
it.Tackle high-interest credits cards so
you can start managing the debt inyour lower level interest rate or
forgotten about cards.
Build out an Emergeny Fund
An emergency fund should includeenough money to give you 6 months
worth of headway.
For medical emergencies, job loss,expensive car repairs.
PUT AWAY FORAN UPCOMING
EXPENSEDoing this can be best for
saving up for a downpaymenton a house, but it is not
limited to just that!
Saving for a large futureexpense, no matter what it is,
makes that purchase mucheasier.
Starting to put money awaycan be hard, but once youstart, it’s easy to add to it
little by little.
SAVE FOR RETIREMENTSaving for retirement can be a dauntingtask, but starting early and adding to it
often will make all the difference. Addingyour tax return into the mix will take you
far.That money will increase over time and
leave you feeling more comfortable whenyou are able to leave the workforce.
Invest in Your Home
Use your tax return to do that projectyou’re always talking about, but don't
normally have the money for.
Projects like painting rooms in yourhouse, upgrading the kitchen, or
replacing windows adds to the overallvalue of your house.
TREAT YOURSELFYou do not have to save
every single penny you get
back. After all, you earned
it.
Keep about 10% for
yourself and buy that new
gadget you’ve been
checking out or try that
new expensive restaurant
your SO keeps talking
about.
FOR MORE ON TAX TIPS ANDPERSONAL FINANCE VISIT MY
BLOG @JBOWMANACCOUNTANT.INFO
A Presentation By John J Bowman Jr, Accountant