#5: Extra cash rarely ever makes it into your stash

Stashing cash is always harder than it seems when there are so many tempting ways you can spend it.  If you are getting a refund, stop and think about how you can use it to improve your financial situation versus just letting the money slip away.

#4: Advertisers get lean and mean when they smell green

Tax time = increased $$$$$$ for businesses.  The next time you watch TV, read a paper or go online, pay close attention to the current advertisements.  Everyone wants a piece of your refund and will go to great lengths to get it.

#3: Organization and prioritization are not usually your motivation

Companies know we like instant gratification.  We see it – we want it – we get it!  If you want to improve your financial future, you need to shift gears when it comes to spending.  Organize your debts, prioritize your desires and then put out the fires!  Take care of what’s critical first and prioritize your wants in order of importance.  Once you get going, you’ll be motivated by the progress you’ve made and the steps you’ve taken towards creating financial freedom for you and your family. 

#2: Effective use of your refund is rarely fun

Using your refund effectively requires letting go of some of your wants and focusing on improving your financial future.  Look at some examples of instant gratification versus financial freedom and decide what you want your end result to be:

#1: Inevitably you will pay for not paying

If you are smart – you will use your refund to pay down your debts.  If you are even smarter you will seek help when it comes to prioritizing who to pay and how to pay them.  Nine times out of ten, we see people pay the bill collectors who scream the loudest when those are typically the ones you can ignore or pay last.  Get your personalized credit assessment today and have a credit expert help you make that decision.

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