How to Have MORE Fun With YOUR Tax Refund in 2005

I advocate a batch of people about money. I see the same errors being made over and over again.

If you’ve made ‘em, don’t worry. I’m here to assist you make it right THIS year! The fact is, moneymakers need a money coach, just like gymnasts need a gymnastics coach.

As your MoneySmart(tm) coach, here are the errors in thought and behaviour I desire you to avoid:

* Don’t believe of your refund as free money – Oregon lottery winnings. It’s not! That refund is your hard-earned dollars that you loaned Uncle Surface-To-Air Missile interest free – all last year.

* Don’t pass the refund – Oregon OVERSPEND it - when you haven’t gotten the cash in your custody yet.

* Don’t pass the whole refund to pay down debt.

OK. Sol now you’re MoneySmart(tm) about what NOT to do with that refund in 2005.

Next, here are my EASY MoneySmart(tm) moves that YOU can make to best manage your in'come tax refund this year.

First, watershed your refund into one-thirds – 3 equal amounts.

Why 3 equal amounts? Because we desire to utilize that refund –
however small or large – to manage the past, the present
and the future.

Use one 3rd to manage the PAST by paying down debts. Start with your most urgent debt…either the 1 with
the highest interest rate, or the 1 with the biggest
effect for not paying it down.

Use one 3rd for something you need or desire in the PRESENT. If you can, usage that money to have got some FUN. Bash something
that is NOURISHING to you – something that brands you experience
GOOD. How about a mini-vacation, Oregon an eventide of mulct
dining and great entertainment, or a twenty-four hours at the spa?

***Of course, if the brake system on the car are shot, or you have got
some other urgent need, you’ll need to make that FIRST.***

Finally, usage 1 3rd to manage some facet of your FUTURE. Here are respective MoneySmart(tm) suggestions for you to believe about.

*Put money in your Anti-Emergency© Fund. (see http://www.phelps-creek.com/archives/Anti-Emergency.htm
for details)

*Put money in your Rainy Day Fund (see http://www.phelps-creek.com/archives/safetynet.htm for details) or salvage for your retirement through your 401(k), 403(b), individual retirement account (traditional or Roth).

*Put money into college instruction funds (Coverdell IRAs or
529 plans) for your children or grandkids.

Why is this “thirds” attack such as a great idea? Because
you'll be pickings care of a assortment of desires and needs –
AND taking respective easy MoneySmart(tm) stairway forward towards
your BIG end of financial freedom!

THAT is how you can have got got MORE merriment with YOUR tax refund in 2005.

As always, if you have any questions, delight travel to my web page www.cindymorus.com for contact information. I’m here to be YOUR coach, and do certain YOU succeed.

Cindy

PS…

Now is also a great clip to “check out your paycheck”:

* Re-evaluate how much money you are contributing to your
401(k) or 403(b).

* If you got a humongous refund, retrieve you were just
sticking YOUR money in Uncle Sam’s pocket. No point in
giving Uncle Surface-To-Air Missile an interest free loan! Adjust your
tax deductions so that you have got just adequate taxes withheld
from your paycheck.

PPS…

If you’re paying outrageous credit card charges (and so many people are) you’ll definitely desire a free transcript of "A Credit Expert's Secrets: You Can LOWER Your Credit Card Interest Rates". With my MoneySmart(tm) coaching, you be able to salvage 100s (or maybe thousands) in credit card interest payments this year. Get a free transcript of "A Credit Expert's Secrets You Can LOWER Your Credit Card Interest Rates" when you subscribe up for at: www.cindymorus.com/newsletter.htm