5 Simple Ways To Stretch Your Tax Refund

Disclosure: This shop has been compensated by Collective Bias, Inc. and its advertiser, Walmart Family Mobile. All opinions are mine alone. #YourTaxCash #CollectiveBias

 

1.Start A Emergency Savings Fund

Set aside an emergency fund. we never know what life has in store for us and by setting aside an emergency fund we are more prepared for those unexpected costs. This not only saves you money but it tends to lower the stress!

2.Budget By Cutting Down On Your Bills

We tend to overpay for products or services that we can likely get elsewhere for cheaper. Each tax season I like to sit down and look at how much I am spending on certain services. I recently switched my families mobile service provider to Walmart Family Mobile Plus Plan = Unlimited* Talk, Text, & Data  plus a free VUDU movie credit every month ($7 value) per line for $49.88  *Includes up to 10GB of 4G LTE† data then 2G

Walmart Family Mobile Plus Plan is ideal for us and was really easy to switch to, you pick a phone or Bring Your Own, and get your SIM Kit for only $19.88. My husband and I were excited when we found the Samsung Galaxy On5 on rollback for $69 which retailed for $119.00! I was excited with Unlimited* Talk, Text & Data I had the freedom to stay connected to my social media and my out of state friends and family without a worry. We got excited about the  VUDU movie credit we get every month per line, the $7 value is the same cost as a new release rental, I see many family movie nights in the near future which is bound to save us more money! *Includes up to 10GB of 4G LTE† data then 2G

Disclaimer: All prices for phones and plans included in this post are accurate as of the date of posting; however, these prices are subject to change. Please refer here or your local Walmart for current pricing.

3.Pay Down Your Debt

You read that right if you can’t pay off your debt, start by paying down your debt. By starting to pay off your debt you are getting a hand on it which will get you to where you want to be in the long run. Start by paying off your smallest debt. We use the “Snowball Method” to pay down our debt. This creates the motivation we need to keep paying down our debt throughout the year.

4. Start A Fun Fund

I always budget some “family fun” money when we receive our tax refund for example: Lets say we set aside x amount of dollars we then take that amount and divide it by 12 and have that extra cash towards our family fun activities.

5. Shop Smarter

I often shop around and research items my family or I may need for the best price. This method of shopping has saved us hundreds, It lessens my “impulse” shopping because I know how much that can add up to. You can implement shopping smarter with your everyday basics to appliances or car repairs, this kind of shopping will indeed stretch your tax refund!

 

I hope you have found this helpful! Just remember to be smart, Don’t go throwing your hard earned money away! #YourTaxCash

 

 

 

 

Comments

  1. These are great tips! I agree — my smartphone has saved me money by allowing me to comparison shop in-store or on-the-go #client

  2. I’m a firm believer in having an emergency fund! It’s saved us so many times and then we didn’t have to dip into our other savings accounts.

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