Make your tax refund work for you! Here are some ideas of what to do with it:
Pay Down Debt: If you have credit card debt, this may be a good choice. Read more about managing credit in Chapter 4 “Accounts and Credit” in Financial Independence Essentials – What You Need to Know When You Are Starting Out.
Contribute to Your Emergency Fund: This rainy-day fund provides a financial cushion when those unexpected bills or difficult life events happen. This allows you to deal with the unexpected in a lower stress cost-effective way. Each one of our books details how you should have 3 – 6 months or more of expenses covered in an account which is readily available.
Invest in a Retirement Account: Open or add to a Roth or traditional IRA. Learn the difference in Chapter 6 “Planning for Major Life Events” in Financial Essentials for Couples. Investing early for retirement can pay huge dividends.
Start your road to financial independence at any age! It is our belief that financial education should start when children are young and continue throughout life. “Financial independence for children, teens, and adults” is a series of short books focused on a specific age group or life event.
Our series includes four books: Raising Financially Independent Children, Financially Independent Teens, Financial Independence Essentials - What You Need to Know When You Are Starting Out, and Financial Essentials for Couples.
Our books are available on Amazon as Kindle or print books.
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