5 Ways to Spend or Save Your Tax Return

Did you get a large tax refund and are looking for ways to spend or save it? Here at Spivey Insurance we want to guide you and give you some advice on smart ways to spend your return. Here are five tips on ways to spend or save your tax return

Pay off that credit card balance. Credits can accumulate fast over time and when you receive that large refund try paying off some of that credit card debt to reduce stress.

Invest for a comfy retirement. Invest some of you tax refund into your retirement fund. This will help increase your 401k plan faster.

Build a “rainy day” cushion. Finance experts recommend that you keep three to six months’ worth of expenses in an emergency fund or in a savings account. This is important in an unpredictable economy.

Give it away. Donate some or all of your tax refund to your favorite charity.

Have fun! Consider buying a new piece of technology, go on a fun weekend trip, or a nice dinner.

We hope you follow these five tips on how to spend or save your tax return. Here at Spivey Insurance Group, we work hard to protect what’s closest to you, and we want to make sure you are smart with your investments. If you have questions give us a call at 704-821- 4460 or connect with us on Twitter, Facebook, Instagram, Pinterest, and Google Plus

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