Tax Refunds and stupidity (Bling, Bling, Busted)

During a recent presentation a lady became indignant when I stated that "One get's a refund when something goes wrong." She couldn't understand what I considered wrong about a Tax refund. No amount of explanation would suffice. I realized that I may have just hit a nerve. Tax refund-time is the only time when 'folk' had extra money she exclaimed, "The rest of the year everybody is broke...... Maybe except you." she retorted. "Ain't nobody got time or money for that stuff you talkin' !" A later one on one discussion with her later revealed that she invested more money in her cable bill and cell phone bill than she invested in her retirement..... The following article provides some of the guidance I provided to her regarding what she might do with her tax-refund next year (she had already splurged her tax refund).

The full article is available here . Here are a few things the article advises:
Tax time is right around the corner, and anyone anticipating a refund has probably started thinking about how that refund will be spent. For some people, a tax return is seen as a good excuse to buy a luxury item or take a vacation. For people who are savvy with their personal finances, a tax refund check is a useful tool for getting ahead financially.

The average refund over the last several years has run about $3,000, which is a great way for a first-time investor to get started with saving, or for a seasoned investor to bolster their nest egg. It can also be used to pay off debts or smartly refinance other ones. Here are some ways to get the most out of your tax refund check. 
1. Open a certificate of deposit investment.
2. Invest the money into your current 401-K.
3. Invest into or start a retirement account.
4. Add to your savings account.
5. Get rid of your debt.
6. Make payments "to the principal" of your mortgage.
7. Reduce the car payments.
8. Save the money for Christmas Spending to avoid going into Christmas Debt. Read my article on Christmas and the Anti-Christ.

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I personally think that the first thing you should do is create an emergency fund and/or a no-doubt fund. Only use the "Emergency Funds" for emergencies while the "No-Doubt" fund is for things we know are going to happen, like needing new tires, or having to buy new clothes for that growing child of yours. While I don't totally agree with the article, any of the ideas it presents are better than splurging when you are in debt. It's so much better, and the feeling lasts longer when you splurge after you are out of debt. If you have consumer debt, and you'd like to reduce the interest rate, and the amount owed, give me a text or a call @ 757-932-0177.

To your fun !
Seko

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If you have consumer debt, and you'd like to reduce the interest rate, and the amount owed, give me a text or a call @ 757-932-0177.
Seko Varner is from Positive Vibes Financial, a group of debt reduction specialists. Seko is also in high demand as a special events DJ and owns an event marketing service. Seko has diverse background in business, financial services, real estate, radio, counseling and education (WHEW). Visit www.HappilyEverAfter.Be or call 757-932-0177 for more details. At the time of this posting Seko is not active with World Financial Group, nor with financial services marketing.