Sentences with phrase «use your tax refund»

As consumer credit card debt mounts, using your tax refund to pay down balances is an increasingly smart move.

Consumers using their tax refund to pay down debt should also look for ways to improve their cash flow, said Blackwelder.

Consumers using their tax refund to pay down credit card debt should also look for ways to improve their cash flow, said Andrea Blackwelder, a certified financial planner and a co-founder of Wisdom Wealth Strategies in Denver.

«But you need to use the tax refund to pay down part of the loan,» Tilley stresses

But using tax refunds to cover medical bills or debts didn't necessarily improve families» bottom line.

Emergency funds are probably the least fun way of all to use your tax refund.

Contribute to your RRSP on a regular basis (say, monthly) and use the tax refund to pay down your mortgage.

You might have used a tax refund, for example, to make an IRA contribution earlier and then contributed again later for the same tax year.

For example, you could make your RRSP contribution each year, and then pay down a portion of the mortgage principal using the tax refund generated by your RRSP contribution.

Simmons will also receive tax benefits in the form of sales and use tax refund on construction materials.

Many people look forward to using their tax refund to take a vacation, get home improvements, or pay off bills.

With Tax Day approaching, you may already be dreaming about how you're going to use your tax refund.

Using the tax refund wisely is important because if the money is wasted, the tax deduction for the RRSP is also wasted.

I will likely use the tax refund from the tax returns towards the TFSAs which will definitely help

If you really struggle with your student loans or want to get ahead, use your tax refund to pay off more of your student loans!

What's even more important than making the maximum annual contribution is how you use your tax refund.

If you're in debt, especially if it's high - interest debt, using your tax refund to make an extra payment on that debt is a great idea.

At age 50, use tax refunds, bonuses and higher earnings to contribute to 401k or IRA catch - up opportunities.

Here are some ideas on how to use your tax refund wisely:

Also sometimes people get tax refunds because they have too much withheld — use that tax refund to pay the tax.

Though it's pretty obvious that I'm going to advise you to use any tax refund you get to pay down your student loans, there are plenty of other responsible ways to use the money, and depending on your personal financial situation, you may want to prioritize these things over paying down your student debt.

If you don't have an emergency account, it's probably wiser to use your tax refund to start one than it would be to use it to pay down your student loans.

For the last 3 years I have been using my tax refund to get rid of my $ 120k debt.

About 56 % of workers say they plan to use their tax refund to pay off credit card debt and other bills, according to a CareerBuilder survey.

To make this work, it's crucial to use your tax refund to immediately pay down a portion of the top - up loan.

To build your emergency fund, you could use your tax refund.

Use Your Tax Refund to Help Reach your Financial Goals Sara Gilbert / The Coloradoan (Fort Collins, CO) 1 March 2014

So, some financial advisors say that you should contribute to your RRSP and then use the tax refund to pay down your debt, that way you get the best of both worlds.

How you use your tax refund depends on your own personal situation, but here's a few ideas on how to use it (in order of priority):

Conclusion: how you use your tax refund (generated by RRSP contributions) will determine how much your RRSP will grow.

I would then use the tax refund to pay off the loan as soon as possible.

You can also sell belongings you no longer need on Amazon or use your tax refund to give your emergency savings a boost.

The idea behind the loan is that it will be short term: the taxpayer will borrow the money to contribute towards their RRSP, and then use their tax refund to help pay back the loan.

I would then use the tax refund to pay off the loan and focus on reaching the TFSA contribution limit after that.

You can find other smart ways to use your tax refund here.

Or do both by contributing the extra to an RRSP and then using the tax refund to pay down the mortgage?

Use your tax refund to contribute a lump sum that will help get you started.

And the third scenario shows the effect of contributing the extra into your RRSP first, then using the tax refund towards your mortgage.

There is the school of thought to max out the RRSP and use the tax refund to lump sum on your mortgage each year.

Consider using your tax refund to start an emergency savings fund or add to your current savings.

Use any tax refunds that you receive to pay off the debt more quickly.

Alternatively, would a $ 110,000 leverage investment (financed completely from the SM), plus using the tax refunds to pay down the mortgage more quickly be better than not doing it.

My vote goes to putting the allowed amount in your TFSA, so it is available should you need emergency money, then investing as much as you can into your mortgage to save interest on your loan, but with mortgage rates so low, making sure to check out your RRSP options, as there could be better gains by making an RRSP contribution, then using the tax refund to pay down the mortgage.

Use your tax refund, for example, to plan an annual gathering of friends where everyone chips in to rent a big cabin, cooks meals together to save money on eating out, and shares a rental vehicle or your own for sightseeing.

I think I'll use my tax refund courtesy of RRSP contributions to fund my TFSA.

Therefore, the comparison to see the benefit of the SM would be whether a leverage investment of $ 55,000 plus $ 350 / month (and increasing each year), plus using the tax refunds to pay down the mortgage more quickly would be better than not doing it.

With the real SM, you only pay the mortgage off a bit faster using your tax refunds.

Of course, the smartest way to use your tax refund is to reinvest it into your RRSP or use it to pay down your mortgage.

Well, you could use that tax refund.

Using your tax refund can make a lot of sense.