Tips for Short Term Savings

Do you have an item on your bucket list such as a trip, furnishings or need funds for a special celebration? If you use your credit cards as income, you’ll wind up with a financial hangover.  The experience or purchase it always sweeter when it’s made with cash. If you’re already working with a tight budget, be prepared for some self-discipline and short term sacrifice to meet your savings goals. It will totally be worth it in the long run. If you’re planning a fun trip, take advantage of the awesome deals offered by Groupon coupons and book your fare getting some of the most competitive rates available through

In order to achieve any goal, you must have a plan. The first step in establishing a short term savings goal is to define the sum you wish to save. Write this on several cards and place them around the house as reminders that you have your eye on a bigger prize. Make a list of your monthly fixed expenses including rent, utilities, insurance, debt payments, phone and internet charges. Subtract this total from your monthly take home pay. The final number is the amount of discretionary spending you have each month. It is from this sum that your short term savings will come. Set a date by when you intend to reach your goal. Divide your savings goals by the number of months between now and your target date. This is the sum you need to save each month to reach your goal. You can break this down to weekly or even daily savings.

Think twice about your morning cup of designer coffee and daily lunches with co-workers. While they may not seem to add up to much on a daily basis, annually, they can add up to a staggering sum of over $3,000. That’s serious money that could immediately be earmarked towards your short term savings goal. Make your coffee at home and take your lunch. It’s pennies on the dollar compared to the cost of designer coffee and eating out.  Rethink the amount of money you spend of gifts.  Be creative with gift giving. The gift of time and talent is always well received. Live without the latest fashions or electronic gadgets. You’ll be amazed at how much you can do without and find entertainment and joy in areas that don’t involve pulling out your wallet or credit cards. Best of luck to you in meeting your savings goals!

Tips to Get the Best Tax Refund – the 3 Best Ways to Ensure a Better Tax Refund This Year!

Everybody is looking for simple yet effective ways to increase their tax refund. While there are millions who love the sound of that, it’s not as easy as you’d think. If you aren’t entitled to a better refund then, unfortunately, that is how it goes – then again, you could be missing out! There are a few ways to ensure you get a better refund and the best thing of all, they are all legit!

Stay Organized

Good organization is a must-have when it comes to dealing with returns. If you generally don’t know what your business is doing then it’s a sure-fire way to lose out in your tax refunds. However, if you are organized then you know nothing can be missed and it’s a good way to potentially increase your refunds too. Being organized is crucial when it comes to tax time as you not only keep yourself right but ensure you get the best refund possible.

Claim for Every Known Expense

Increasing tax refunds is incredibly easy as long as you keep things above board and legit. Don’t think for one second you are going to get hundreds of dollars back by lying because it’s likely to blow up in your face! Instead, look at what expenses you have and what you honestly believe is a legitimate one. If for example, you took a client out to lunch to discuss business, this would technically be classed as a business expense. However, if you took your family out to lunch, this wouldn’t be an expense (and many have tried claiming it). Whatever business expense you have, add them and you never know it could increase your refund amount.

Consult With a Tax Attorney

To be honest, if you have the money available to spend, it’s a good idea to use it for a tax attorney. The reason why is simply because they are the best people to speak to in order to keep you on the right tracks – and they also know how to ensure you get a better tax refund! Tax attorneys know the latest rules, regulations and laws when it comes to taxes and they know what is going to increase your refund and what is going to reduce it. This doesn’t mean cheating in any way but rather looking to ensure all information is relevant. Also, they know what deductions are going to be authorized and what isn’t.

Increase Your Tax Refunds

Thousands try to ‘up’ their refunds each year and often look at the dodgiest methods to do so, but this isn’t always a good idea. Yes, you potentially increase your refund amount, but if you do something illegal you’re breaking the law and you could be heavily penalized. You’ll also have to repay any refund you obtained through illegal methods so you can’t win at the end of the day. However, the above tips are legitimate. Getting the best tax refund isn’t impossible, not if you know how that is.

Tax Refunds in the Credit Crunch

People are often sceptical about their tax return during a credit crunch. For most, they believe none of their expenses will be allowed and that they will see a hefty decline in their refund amounts too. However, even in times of a credit crunch, taxes generally don’t change. Well, in fact they can increase, but usually refunds are given where due. The amount itself doesn’t necessary lower either.

Will You Still Receive A High Tax Refund?

Credit crunch means people have to dig deep and make money go far but it doesn’t mean a tax refund won’t still be heading their way. There may be an exception over how much money you receive if you (owed back taxes to the Australian government, for example). Also, if you haven’t paid enough money in during the year (down to working part-time, casually or not working half the year) then you may not be entitled to a refund. People think they should automatically get a tax refund but that isn’t always the case.

How Will You Receive The Refund?

Electronic banking is the way forward and using this method to receive your refund will be much easier. Yes, there is a credit crunch on, but you still should receive your tax refund without too much trouble. However, be warned, if you owe money then the government may seize the funds in order to cover them. This may not sound like a good idea but it could be if you wanted to clear your debts off.

Should You Borrow Money Against Refunds

In the time of a credit crunch, most need money and often rely on their tax return refunds. Unfortunately, refunds can take a lot time to process, especially if someone is in dire need and, as such, they look at taking out a loan. Refund loans are very popular and the way they work is simple; borrowers can take out a loan amount that should be covered with the actual refund. Most believe this is quick money and do it and in a credit crunch, millions will do so. However, this isn’t always advisable as it poses a risk. You are liable for the loan even if your refund was seized. Taking out a loan at any time is not always good, even though it’s sometimes necessary, but taking a loan in a credit crunch and with your return, is a worse idea.

If You’re Entitled to a Refund, You Will Receive it

There have been very few cases in which legitimate refunds have been stopped because of a credit crunch! If you want honesty then having a refund delayed or seized may be down to the fact there are issues with the return and not the amount owed to you. In most cases, if you are entitled to a refund, it will arrive in your bank sooner or later. There does seem to be a misconception that credit crunches mean the end of refunds and that isn’t entirely true; belts are tighter but a tax refund is still given.

Check out this link for more informations:

Get a Tax Refund the Safe Way

Millions of people wait for their tax refunds in the post, but is this really the best way to proceed? Is waiting for a check to arrive the safest option for you? Refunds are precious things and if you are lucky enough to receive one you should ensure it gets to you safely. Now, when you file your returns you are often given the choice over how the refund will reach you, so which way will you decide?

Go Electronic

Electronic banking is the way forward and it has also become extremely popular for millions of tax payers. If you want the safest way to receive your tax refund then you must use this method. Using the direct deposit route is a simple method and one which is highly recommended. You not only have the funds available to you, but you can find it takes very little time too. If you use electronic banking then you can easily check online without the need of visiting the bank.

How Long Will You Wait For A Refund?

Waiting for tax refunds can be a bit of a nightmare because you ideally want the money as quickly as humanly possible. Unfortunately, there are a number of things which can slow down the processing time. For example, if you have made errors on your return then you may find this cause a delay or two; also, if you want the refund in a check then it takes time to reach you via post. However, you shouldn’t actually wait a huge amount of time to receive the refund. If everything is in order then the money should reach you very quickly. Find out more informations here:

Can You Trust Yourself With A Check?

It might seem very strange to ask but have you ever misplaced or lost a check? Checks are small pieces of paper and they are so easily lost too. You wouldn’t think you’d ever misplace a tax refund check but you may be surprised with the amount of people who have. Getting a refund in a check form is good but it’s not always the safest method. For starters, it’s easily lost and secondly it takes a lot more time to reach you too. The safest way to receive your tax refund has to be via bank deposit. It takes seconds to reach your account and the money is available right there and then. Also, you don’t have to worry about losing the check!

Spend Your Money Wisely

Electronic banking or direct deposit is probably the safest method for you to use in order to receive your refund. As said above, it’s fast and you don’t have to wait for the funds to be cleared as they are available immediately. Also, you can keep track of things better. However, have you any plans as to how the money is to be spent? No, well why not treat yourself or your family? There are a lot of ways for you to enjoy the tax refund so spend wisely and enjoy.