As you begin to file your taxes think about how you can save your tax rebate. Studies indicate that we all should have six months of salary saved for a rainy day expense. A great way to start your emergency fund is to put up at least 40% of your tax refund. Another suggestion I would give you is to pay any outstanding bills that you haven’t been able to pay due to a tight budget. Let’s plan to save and pay off debt this year when you receive your 2014 Tax Refund. I would love to hear your thoughts.
Tina M. Jackson, Ph.D.