Daily Archive: Wednesday, February 15, 2017

The 5 Best Ways To Spend Your Tax Refund

You may have already or are due to receive a sizable tax refund in the mail and are unsure what the best course of action is to take with the money.

First, remember this money should have been yours all along, rather than giving a tax-free loan to Uncle Sam.   Consider adjusting your tax withholding to increase your take-home pay.

Second, don’t get caught treating your refund check any differently than you’d treat your weekly or monthly paycheck.  You’ll want to make it a priority to use it to get your finances back in order.

As you wrestle with competing desires to spend, save, or invest, here are a list of the best options to consider:

https://cdn2.iconfinder.com/data/icons/integers/60/number-one-64.pngPay Off High-Interest Debt

Eliminating debt such as credit cards, car loans, and high interest student loans should be the #1 priority.

If you have a lot of debt and decide to put your refund into savings, it is like borrowing from yourself.

However, using your tax refund to pay off debt is a very simple and valuable way of getting a guaranteed (18% to 20% earning on investments) return on your money.  For example,  putting down $1,000 against a credit card bill can be as good for you financially as a $1,000 investment that appreciates 10-29%.

Start with the debt that has highest rate and then work your way down.   You can also try the snowball method, which involves attacking the debts in order from smallest to largest.

Ultimately, reducing or eliminating debt will help to raise your credit score and will also improve your monthly cash flow.

https://cdn2.iconfinder.com/data/icons/integers/60/number-two-64.pngBoost or Start Your Emergency Fund

If you’re debt is under control, experts suggest to put your tax refund into an emergency fund.

This should have roughly 3-9 months worth of living expenses and be in an easily-accessible account that earns interest.

Having this emergency fund will increase your peace of mind.  You will be able to pay out of pocket for any accidents, doctor visits, or any other unforeseen expenses, rather than charging more debt.  Even adding a little bit to an interest-bearing savings account can help you out in an emergency.

https://cdn2.iconfinder.com/data/icons/integers/60/number-three-64.pngInvest It

If you have little or no debt and have enough savings, it it then recommended to invest your tax refund (especially towards your retirement).

My suggestion would be to start or contribute (if you have an existing account) to a Roth IRA.   Consider this: if you deposit $2,000 in a Roth IRA at age 35 and average an 8% return, you would net $20,125 by age 65 without adding any additional money (wow!).   As a bonus, you won’t get taxed on any investment gains and you can withdraw the sum of your contributions without tax or penalty.

If you’re under the age of 50, you can contribute up to roughly $5,000 this year ($6,000 for those over age 50).

Investment suggestions differ depending on your age/proximity to retirement, so please consult a professional for their advice.

action, call, dial, four, fourth, number, phone iconPut It Towards College

It is never too early to start saving for your children’s college education.  The costs of education continue to rise along with those with mountains of student loan debt.

A wise choice would be to start a 529 (college-investment plan) for your children or young relatives.  This type of plan lets you save for your kids’ education expenses with untaxed dollars.

action, call, dial, fifth, five, number, phone icon Make Home Improvements

Home improvement can be a costly venture, but you can make upgrading your home another investment in the future.   Find ways to increase your home’s value (new roof, kitchen upgrades, appliances, landscaping, etc.), which in turn can amount to more money in your pocket when you’re ready to sell.

TopCashback: FREE Tide Liquid Laundry Detergent

>>> Expires 2/19/2017 (or while supplies last)! <<<

Here’s how to claim your FREE 138 fl oz bottle of Tide Laundry Detergent after the TopCashback Offer:
  • First go here and sign up for an account (must be a new member to be eligible for this deal*)
  • Once registered, go back to the previous link and click on the “Get Cashback Now” button
  • TopCashback will redirect you to Walmart.com where you will purchase one 138 fl oz bottle of Tide Simply Clean & Fresh HE Liquid Laundry Detergent (Refreshing Breeze Scent) for $8.97 with free store pickup (make sure nothing else is in your cart!)
  • Within 21 days, $9.96 will be credited straight to your checking or PayPal account

*This offer is available to new TopCashback members only. However as TopCashback doesn’t limit accounts to one per household, if you’re an existing member now’s the perfect time to tell your husband or wife, mom or dad, roommate, neighbor, friend or anyone else about TopCashback and perhaps they’ll share their freebie with you! Ask them to sign-up through your Tell-A-Friend link and you’ll earn $10 for each new TopCashback member who goes on to take out this deal.

*Possible* Target Fitbit Wristband Clearance 2/15/2017

 

Image result for fitbit logo

Fitbit Charge HR Heart Rate and Activity Tracker Wristband

$39.98 (reg. $129.95)
DCPI #057-03-0576

*12 in Fayetteville at this price*

Fitbit Flex Wireless Activity and Sleep Tracker Wristband

$39.98 (reg. $79.95)
DCPI #057-03-3550

Fitbit Flex Accessory Wristbands

$9.97 (reg. $19.95)
DCPI #082-08-0026

Best Buy: Get $25 Off Your $100+ Purchase (Visa Checkout)

Fitbit - Charge 2 Activity Tracker + Heart Rate (Small) - Black Silver - Front Zoom

> Pay with Visa Checkout and Get $25 Off Your $100+ BestBuy.com Purchase <

Not available in store. Offer ends 2/22/17. While supplies last.

Using this offer, you can grab this Fitbit Charge 2 Tracker for only $104.95 (regularly $149.95)!

Gazelle: Get Cash For Your Unwanted Gadgets

Image result for gazelle logo

What is Gazelle and Why Would I Use Their Services?

Gazelle is the nation’s leading consumer electronics reCommerce site, providing an easy, fast and safe way for consumers to get cash for their used electronics or buy certified pre-owned devices. Gazelle pays you cash for your used gadgets when you’re ready to get new ones – cash you can use towards a new certified pre-owned device on Gazelle. In essence, Gazelle rewards people for approaching consumption in a smart, environmentally responsible way. Rather than discard a device you no longer value or use, Gazelle provides original owners with an opportunity to exchange it for cash and then put that cash towards a certified pre-owned device.

Since 2008, Gazelle has paid out more than $200 million for unwanted technology and bought and resold more than 2 million devices, helping consumers upgrade to the latest technology. It truly is a win-win-win business. Gazelle buys high-end, used consumer electronics, and sell it to those who otherwise couldn’t afford buying new. It’s called reCommerce, and Gazelle helped pioneer the category. Gazelle is recognized by an A+ Better Business Bureau rating and a 9.5/10 Reseller Ratings review average. Visit Gazelle today, and see what your device is worth or buy a certified pre-owned device!

**FTC Disclosure Statement: This post contains affiliate links which means that I may receive a commission if you click a link and make a purchase.

Shutterfly: Enjoy One FREE 8×10 Cardstock Art Print

Three Prints Collage Art Print

Today only (February 15th, 2017)

Shutterfly is offering one FREE 8×10 Cardstock Art Print (a $24.99 value) when you enter promo code LOVEART at checkout!

*Note: Shipping and handling will be $3.99*

LAST DAY!

Get $15 Off Orders of $15 or More! Use code 15OFF at check out

Pampers Rewards: 15 Free Points

FBTE6SDJ7DV4T17 (10 Points)
TWJRWZ7B8Z8SA17 (5 Points)

Codes expire 2/17/2017

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