What to do With a Tax Refund
By: Lukasavige | Posted: 08th November 2007
As of 3/19 TurboTax had estimated that its customers have received over $22,778,433,536 in refunds for 2006 taxes alone!
If you've already looked at you list of things to do with your tax refund, and scratched out donating it to me, then let's discuss some of the other things you could do with it.
Depending on where you are in the Financial Freedom Steps that we teach, you may put most or all of it towards your debt-snowball, or you may set it aside in a savings or money market account and designate it as part of your emergency fund.
If you've met with me before, you know that I'm not a big fan of car payments. A car is the most expensive purchase any of us will ever make that goes down in value. Not only is it losing its value, but by making car payments, you're also losing money in interest payments. If you know you'll be needing a car in the next few months or years, how about setting some money aside for it now, and maybe even adding more each month.
But, what I get truly excited about is finding someone who is very unhappy with their job. I know that doesn't sound right, but think about this; why go through your entire life working at a job you hate? What if you used some of the money from your tax return to start a business doing something you truly enjoy, and even love?!?
I have a tremendous love for small business as well as entrepreneurs. It is not as hard to start a small business as most people think it is. If you're interested in finding out more about starting a business, click here to see how we can help you.
About the Author
Justin & Rachel Lukasavige are Personal and Health Coaches at Lukas Coaching. Visit www.lukascoaching.com/resources.htm for a ton of free tools to help you improve your health, finances, business, career & life!
www.lukascoaching.com
For more free columns and articles, visit www.lukascoaching.com/articles.htm
This article is free for republishing
Printed From: http://www.articlealley.com/article_243372_19.html
Back to the original article
Tags: job, small business, financial freedom, interest payments, money market account, emergency fund, car payments, tax return, snowball, tax refund