Getting your tax refund can prompt indulgent purchases that you might otherwise avoid making. Treating yourself is acceptable and often deserved, however, there are other alternative uses of your tax refund that can serve to benefit you more in the long run. Read the blog at MichaelRalby.com

1. SMART USES
O F Y O U R 2 0 1 9 T A X R E T U R N
M I C H A E L R A L B Y

2. GETTING YOUR TAX RETURN
Getting your tax refund can prompt indulgent purchases that you might otherwise
avoid making.
Treating yourself is acceptable and often deserved, however, there are other
alternative uses of your tax refund that can serve to benefit you more in the long run.

3. PAY OFF DEBT
One of the best applications of your tax
refund, regardless of the amount, is putting
it toward any debt you have acquired.
Whether you have some credit card debt or
you took out a loan to pay for a vehicle,
putting your tax refund toward such
expenses can help you limit accrued
interest and pay off your debts sooner.
The path to financial freedom can be
difficult, but taking small steps to achieve
it when you can is beneficial.

4. CONTRIBUTE TO
AN EMERGENCY
FUND
When you come into extra money, a smart
move is to put at least some of it into an
emergency fund.
It is important to anticipate and plan for car
or home repairs, health emergencies, or other
unplanned events that could cost you.

5. MAKE YOURSELF
MORE MARKETABLE
Regardless of where you are in your
professional life, improving your skillset
or advancing your industry knowledge
can be an excellent application of your
tax refund.
You can enroll in classes, secure a
membership for a professional
organization, or pay to attend a relevant
conference. These options can help you
gain more knowledge, and the resulting
experience can be used to provide better
job stability and higher paychecks.

6. INVEST
Putting some of your refund into your
retirement plan as a one-time contribution or
setting aside an amount to invest over time
can help you better prepare for your future.
With your tax refund, you stand to make a
larger profit provided you’re willing to invest
for a substantial amount of time.

7. Applying your tax refund in a wise
fashion can help you better your
financial situation.
You may also find that the way
you use your tax return can
ultimately benefit you financially.

8. FOR MORE
INFORMATION,
PLEASE VISIT:
MichaelRalby.com