Posts Tagged ‘Refund’
May 25, 2015 | 
Author Debt Consolidation USA Shares Best Ways To Use A Tax Refund Check
Philadelphia, PA (PRWEB) May 17, 2015
Debt Consolidation USA shares in a recently published article how consumers can make the most out of a tax refund check. The article titled “7 Ways To Make The Most Out Of A Tax Refund Check” helps consumers look at various ways to use their tax refund to help boost their finances.
The article starts off by pointing out how easy and tempting it would be to just burn through the tax refund check especially if a person is not expecting any amount after tax season. When consumers do not have plans in place to use tax refund checks, the probability that they will waste it away with frivolous expenses becomes high.
One of the best uses for a tax refund check is to put it towards paying down debt amounts in the household budget. It can go towards that student loan that seems to be holding a lot of fresh graduate back in terms of their finances. It can also be making a sizeable dent in the principal amount of the mortgage loan or even that auto loan.
Another thing that the article shares is using the amount to max out 410(k) contributions or just simply adding to the retirement fund in whatever form they may be. It can investments or properties that consumers have acquired through the years. The tax refund check can also be used to prepare for higher education.
It can be for the young children in the house or even the consumers themselves who will use the money. The idea behind it is that planning ahead can lower down the chances of taking out student loans just to pay for the cost of attendance. These loans has been a big burden on the shoulders of young people trying to make a living.
Another way to use these tax refund checks is to increase the amount of reserve funds that are stashed away for emergencies. To read the full article, click this link: http://www.debtconsolidationusa.com/personal-finance/7-ways-to-make-the-most-out-of-a-tax-refund-check.html
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Posted in Personal Finance | 
Tags: Best, Check, Consolidation, Debt, Refund, Shares, Ways | 
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Average American to Receive $ 2,800 in Tax Refunds, New GoBankingRates.com Guide Explains How Individuals Can Best Use Refund Money
EL SEGUNDO, CA (PRWEB) March 22, 2013
According to a March 2013 article in TIME, the two thirds of taxpayers who will receive a refund this year will get an average of $ 2,800. What do they plan to do with this sizable chunk of change? Unfortunately, 30 percent plan to use their tax return to pay for everyday expenses, finds a survey from National Retail Federation. This number is up from 29% in 2012.
Most taxpayers, however, will be using their tax return money to get ahead in their finances, finds GoBankingRates. Of those receiving refunds, 37% plan to use their money to pay down debt, and 44% will be stashing extra funds in their savings account. GoBankingRates investigates the pros and cons of each option, and provides taxpayers with a guide to deciding how tax refunds should be used, depending on their financial situation.
GoBankingRates expert contributor Elle Martinez says, “How can you use your tax refund to build your finances? Paying off debt can be like lifting a huge weight off of your shoulders.” However, she advises, “I don’t think you should go into full debt-elimination mode until you have some sort of financial cushion for emergencies.”
For help on deciding how to spend tax refund money, click here.
About GoBankingRates
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
For questions about this report or to schedule an interview with a GoBankingRates editor, please use the contact information below.
Contact:
Jaime Catmull, Director of Public Relations
http://www.GoBankingRates.com
JaimeC(@)GoBankingRates(dot)com
310.297.9233 x261
###
Sources:
TIME, Why We’re So Irrational When It Comes to Tax Refunds, March 18, 2013.
National Retail Federation, “More Americans Serious About Saving Tax Returns This Year, According to NRF Survey,” February 22, 2012.
National Retail Federation, “Seven in 10 Americans Adjusting Spending Plans to Cope With Recent Payroll Tax Changes, According to NRF,” February 21, 2013.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Posted in Debt | Tags: $2800, American, Average, Best, Explains, GoBankingRates.com, Guide, Individuals, Money, receive, Refund, Refunds | 14 Comments »