114 | Financial Spring Cleaning: 4 Things You Should Do With Your Tax Refund

Money Files: Wealth Over Now

I'm excited to kick off a special podcast series focusing on financial spring cleaning! Today, we're diving into a topic on everyone's mind this time of year – tax refunds.

Whether you've already filed your taxes or are still putting the pieces together, it's essential to think strategically about your tax refund. Putting your tax refund towards debt might feel good temporarily, but it's not a long-term solution. If it were effective, you wouldn't be back in the same debt cycle year after year. You need a better plan, and I'm here to guide you through it!

In this episode, I outline four ways you can leverage your tax refund to set yourself up to meet your money goals in 2024. From how to create a zero-based budget to planning for upcoming expenses to investing in money management tools, I give you detailed, actionable steps to help you make real progress managing debt. (Hint - none involve paying off a credit card with your tax refund!) If you are ready to break the debt cycle and change how you think about and manage your finances, tune in to learn how your tax refund can be the first step toward achieving financial freedom.

Stay tuned for insights on these topics:

• [01:30] Why you shouldn’t put your tax refund towards debt

• [03:15] 4 things to do with your tax refund

• [03:30] Outline a zero-based budget

• [06:12] 90-day financial forecast

• [12:00] Split refund up to hit multiple money goals

• [14:80] Invest in coaching

Tune into this episode of Money Files to learn why you shouldn’t use your tax refund to pay off debt!

Get full show notes and the episode transcript: https://wealthovernow.com/financial-spring-cleaning-4-things-you-should-do-with-your-tax-refund/

Links mentioned in this episode…

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