Monday, February 16, 2015

5 Awesome Tips to Maximize your Tax Refund


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So here we are again : It's TAX REFUND TIME!!! How are you going to best invest that money? How are you going to #MaxYourTax ? ..... Well , here I am sharing with you my 5 Awesome Tips to Maximize your Tax Refund.  

Generally,  whenever we have a little extra money we start thinking about a few things we could do with it like : traveling , Shopping , starting a new business, paying debts , remodeling  parts of the house , saving , etc , etc.  

Now, please remember that in order to maximize not only our tax refund , but any income in our finances we need to be clear on what are our wants and our  needs, we need to plan wisely our expenses and spend intelligently. And this takes us to our.....  

TIP #1 : PRIORITIZE yes, prioritize!! what are those urgent  / very important needs or financial compromises that can not wait? maybe Health , Education , Business , Debts , perhaps you need to invest in yourself for a certain important event... I don't know... you name it. Priorities vary greatly from one  person to another. 



TIP #2 : TO MAXIMIZE YOUR INCOME, MINIMIZE YOUR EXPENSES yeah, you heard it!! And I'll give you an example of that. See, my phone bill is a headache :)  I use it  A LOT because of my blogging and some other talking , so around the middle of the month I'm usually frustrated about the bill and the slow Data. Well guess what? My husband has an Unlimited talk text and Data/Web plan from Walmart which has been great, and with our tax refund we decided to invest in a second line  with the Walmart family Mobile plan for me. So we chose this modern phone the  Samsung Galaxy Avant for $149.00 . The service is $29.88 a month for the first line and you would also have to get a starter kit that costs $25.00 if it is the first line , but since  it is our second line we'll just pay 24.88 a month for  my service (This plan is not pre-paid so you pay at the end of each month) .. that means, that we are now saving $5 a month. In my Unlimited talk, text and data plan I have up to 500MB of 4G LTE DATA which means there is a good amount of talking and browsing . With this move we started maximizing our income by minimizing our monthly phone bills. 




TIP #3 : INVEST SMART in my case investing in one of these Walmart Best plans with their new 4G LTE service was not smart , but very smart. it fits perfectly with my needs of talk , data and speed service needed throughout the month. So it  covers the need and helps me save. Now that's what I call to #MaxYourTax.... Don't you?   





TIP #4 : FIND THE BEST THE DEALS do not rush in to invest your Tax refund or any other income. Do your research , ask , compare , visit my blog ( cough... cough ) I mean consult Mr. Google :) . Take your time and find the best deals possible for you.  And talking about best deals, while I was in this aisle at Walmart getting my phone  I saw a very nice Deal... the phone ZTE Zinger was $39.88 and now is only $19.84 I thought it was an  awesome deal and wanted to share it.   




TIP #5 : REWARD YOURSELF ah ah... careful!! Intelligence over emotions, use good judgement and no excesses, but yes we need to reward ourselves. Your tax refund is not really a gift to you , you earned it through the past whole year, you worked hard and now you deserve to tell yourself well done baby, good job :) That could be your motivation to work hard this 2015 and look forward to your next year tax refund.  

Well, I've already shared some of  my tips.... now, what are your Ideas? How are YOU going to #MaxYourTax ? 

Thank you for visiting my blog. Come back soon!! 

YBM
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