It’s finally here! That moment you’ve been waiting 365 days for: your tax refund is on its way!!

But wait. Before you mentally or physically go spend it all in one place, here are some wise tax hacks you should consider in order to help make your refund even more profitable for you:

1. Hire a financial planner. Have you been kicking around the idea of investing but aren’t sure where to even begin? Stocks? Real estate? IRAs? With so many options, it’s always a good idea to have someone in the know help you make the right investment decisions for your situation and your family.

2. Get rid of the credit cards. Credit card debt is one of the largest money drains in our economy today. With interest rates anywhere from 2% to 25%, even at its lowest carrying a high balance of your cards keeps you from the financial freedom you crave. Start by paying down – or even off – your card with the highest interest rate, and then keep going from there. Your bank account and your future self will thank you!

3. Invest in yourself. Have you always wanted to learn more about your career to help you get ahead? Or maybe you’ve outgrown your current career and are ready to start a new one. There’s no time like the present to be the you you’ve always wanted to be, so go ahead and take the leap into the happiest you ever by learning more about how to get ahead or even how to start over.

4. Take a mini vacation. Nothing resets the mind, body and emotions like getting away from it all for a while, and nothing lasts longer or teaches us more than memories and experiences. So go ahead and take that 3-day cruise to the Caribbean you got a great deal on, and enjoy every second of it! Just be sure to stay within a reasonable price range and not spend your whole refund on your getaway. You never know when you might need a few extra shillings for an unexpected expense. (https://jmvfinancialservices.com//8-forgotten-expenses-to-factor-into-your-budget/)

Need more investment ideas? Click here to schedule your free strategy session today.