2010年4月19日 星期一

Reading reaction journal 2

Reading reaction journal 2

Reference:

Ellis, B. (2010, April 1) 6 smart ways to spend your tax refund. CNN.com Retrieved April 6, 2010 from
http://money.cnn.com/2010/04/01/pf/taxes/spend_your_refund/index.htm

Summary:

A lot of Americans have already received their tax refunds, but they should not be too happy too early when they get their tax refunds. They have to think twice before they spend their refunds. There are six ways discussed on how you should spend your tax refunds wisely.
Pay down debt: they have to pay their credit cards bills. They should choose the credit cards bills with the highest interest to pay first. If they have paid off their debt, they will have some extra money to spend on other areas.
Save for a rainy day: they have to put away some money for approximately three month in case they lose their job. If they save their tax refunds to stand by when they are unemployed or something crops up, they will have enough to pay for it.
Invest in yourself: they can learn something good for themselves, if they have spare money on hand not in use, they should use it for investment. This will be another source of income.
Buy something you need: they may have a lot of things that they need, but they should only get what is important and what they really need. If they want to buy everything that they want, then their tax refund will be insufficient.
Have a little fun: they should not always just save their money. They should spend some money for their family and on themselves. Sometimes, they can look for some restaurants with discounts or some shopping malls that are having sales. It is their own money, so they should do something fun for themselves.

Reaction:

There are some ways you can follow to save your tax refund. It is important to use your tax refund wisely. You can just spend your whole tax refund, but you are unable to pay for any impromptu fee. I like all of the points in this article because we will experience a similar situation in our lives. You can plan your tax refund by yourself or get someone to help you. For example, you can approach banks for advice. Although your tax refund is not a lot, the money will help you when you are in need of money. Therefore, we should have a plan on how we should use our extra money and even our tax refund. The extra money saved will come in handy when we are old and unable to work.

沒有留言:

張貼留言