Financial expert Rachel Langlois with Cyprus Credit Union tells us how to maximize a tax return. For more information, go here.
Saving Your Tax Refund
- Put your refund in an emergency savings account
- It is money already set aside so it does not impact your lifestyle
- You should be able to live for 3 months on the savings - keep at least $1,000
- Once you have enough emergency funds, put the rest in a retirement account
- Talk with a Cyprus Wealth Advisor for free
- Make a plan
- It is never too late to start
