It’s tax time! If you are getting a tax refund, the first thing you need to do is figure out why you are getting a tax refund because believe it or not — you’re not supposed to get a tax refund. I share why with you in today’s episode and share more information about what you can do with your tax refund if you are receiving one. Tune in to today’s episode to hear more! Ready for more? Come follow me on Instagram @dominiquebroadway or TikTok @TheRealDominiqueBroadway
It’s tax time! If you are getting a tax refund, the first thing you need to do is figure out why you are getting a tax refund because believe it or not — you’re not supposed to get a tax refund. If you are getting a refund, that means that you have lent money to the federal government all year. We actually want to figure out a way to get that money back each month rather than once a year. If you are getting a tax refund back, I want to share some things that you can do with that tax refund.
- Look at your money situation. Now is a good time to pay someone back if you owe them.
- Build up your emergency fund. or to save money and add it to your emergency fund to build it up.
- Pay off any debts that you may have.
- Start Investing
These are all things that you can do with your tax refund if you are receiving one. Remember, our ultimate goal is to not get a refund back so let’s set ourselves up to get more of our money back each month.
In this episode, we covered:
-Figuring out why you are getting a tax refund
-4 things you can do with your tax refund
Resources and links mentioned in this episode:
-Check out last week’s episode (LINK)
MORE ABOUT TRUE WEALTH CONVERSATIONS WITH DOMINIQUE BROADWAY
True Wealth Conversations is your safe space to have healthy and wealthy conversations about life, love, business and motherhood. Together we will unlock the true meaning of wealth with weekly episodes hosted by Top Millennial Money Expert Dominique Broadway.Dominique has won numerous awards such as being named one of the Top Financial Advisors for Millennials in the U.S., Changemaker of the Year, Businessperson of the Year in Washington D.C. and the Top 30 under 30 in Washington D.C. She does all of this while also being a mom of 2, a friend, and an inspiration to many. Connect with Dominique across social media: @dominiquebroadway or learn more on her website at: www.dominiquebroadway.com.