Make the best out of your tax return

How to Make the Best Out of Your Tax Return

Make the best out of your tax return
Make the best out of your tax return!

No one likes paying taxes, and there’s no reason to pay more than you should in any given year. One of the best ways to make sure your tax returns ripped the most profit is by investing it. To make your money grow.

  1. Invest in CD’s
    CD’s are forms of investment that take time to mature and grow. If you’re looking to save money for your kid’s college fund this is a good way to do it. This will be put aside to grow and mature until you have made some profit.
  2. Increase your 401k referral
    Of course you can’t put your refund into your 401(k) but you can supplement your income with it while you increase your referral. This is especially important if your employer matches your refund amount.
  3. Put it as a down payment for a property
    Owning your own place is always better than paying someone else’s mortgage. Save as much as you can and purchase your own home. If you ever move chances are you will have some equity.
  4. Lower your debt
    You don’t have to spend your entire tax return paying your overdue debt. However, paying some debt should give you some financial stability. Lower your debt as much as you can and start from zero.

Remember, be wise and make money out of your tax return. If you are currently a BrightStar Credit Union Member, enjoy a discount when you file with Turbo Tax.


3 Simple Ways to Earn a Little Extra

 

Sometimes your full-time jobs are not enough to pay the bills, save, and have fun. Sometimes a paycheck is only enough to make ends meet.  Sure, you can always get another part-time job or look for higher paying job. However, when you have conflicting schedules and a family having an extra job isn’t so easy.

What are some ways to earn a little extra cash and keep enjoying your free time?

  1. Pet Sitting There are many websites where you can sign up to be a pet sitter. Yes, a pet sitter. Not only do you get to enjoy the company of cute fluffy creatures, you also get to spend some time in the sun. If you do this, plan accordingly. For example, if sign up to pet sit on a Sunday you’ll have company to watch the game and exercise early in the morning. TIP: Pet sitting is in high demand in South Florida. Take some time to look into it.
  1. Clean your home, and sell your unwanted items online: If you have unused –or gently used items– try selling them. Liberating yourself from all that clutter, will feel very rewarding. Remember, one man’s trash is another’s treasure.
  1. Participate in surveys or focus groups: Some marketers and research firms offer cash for participating in focus groups. This is not a lot of money, but $10 to answer 10 questions online buys you lunch.

If you ever find yourself in need of a little bit of cash, consider these methods.

Enjoy!