Overcoming Financial Stress With The Saver And The Spender

Oftentimes the initial thought when we learn we are getting a return is that it’s time to celebrate! We want to do something big with it - like book the vacation we’ve want to go on, make the big purchase we’ve been putting off, do some home renovations, or even pay off debt - unfortunately, even though these are done with the thought that this is all “extra money” to do it with, we can often regret our choices when a whammy hits us on the back side. In this episode, Coach Jill gives you a few things to think about to make sure you are using your tax return in the best way possible. Reminders of what to consider with your return: Resist temptation to do something “fun” with all of the refund. Think about using the 10/90% rule.  First ask yourself what your initial plans with this money is - get clear on the various options. Consider whether a whammy, or a large unexpected expense, will derail this plan.  Evaluate your current emergency fund and make sure you have a minimum of $1,000 saved for a true emerg