Friday, May 04, 2007
You Got Your Tax Refund, Now What?
You finally received your tax refund from Uncle Sam – so do you splurge or save? If you choose to splurge, then what are you waiting for! If you want to make this newfound wealth work for you, read on.
We asked leading financial experts what we should do with our refund checks, and here are the top 5 tips we heard over and over again:
Pay down debt on your credit cards. Have more than one? Use the money on the card with the highest interest rate.
Put the money in your IRA. If you don’t have one, get one! You may be a long way from retiring, but the sooner you start, the better.
Save for an emergency. Life happens, be prepared. The general rule of thumb is to have at least 6 months of living expenses. If this isn’t the case, your refund is the perfect safety cushion.
Buy insurance for your home or apartment, medical, dental, or auto if you’re not properly covered.
Put the money towards your home. Send one extra mortgage payment to your bank and you’ll decrease the life of the loan and save on interest. Or use the money to make repairs on your house before they get worse and end up costing you more later.
Moms Can Have It All
Having trouble choosing between work and staying home with the kids. You’re not alone. Thanks to advanced technology like the internet, cell phones, and faxes, moms no longer have to struggle with this decision. Today, moms can work and be with their kids in the comfort of their own homes.
| Lesley Spencer Pyle started www.HBWM.com (Home-Based Working Momsâ„¢) in 1995 so she could spend more time with her own children. This site provides a work-at-home kit that helps moms discover the perfect home business for them, as well as support, networking, a monthly newsletter and much more. |
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“Today many moms are willing to sacrifice a traditional corporate career for a slower-paced home business that puts them in charge,” says Spencer Pyle. “Working from home gives these women the opportunity to continue building their careers while taking time to enjoy their families and their lives.”
A true entrepreneur, Spencer Pyle also just launched www.HireMyMom.com to help companies locate qualified home-workers.
The membership fee for HBWM.com is only $69 a year with a 30-day no questions asked money back guarantee if you’re not satisfied. Go to www.HireMyMom.com for a free trial, and then only pay $9.95/month or $99/year.
Final Recommendation: You have nothing to lose.