Create a vacation savings account. Rename a savings account to the location of your vacation destination. Set up a recurring deposit into that account either from your paycheck or checking account.
Take advantage of your retirement contribution match. Don’t leave free money on the table. Some employers will deposit into your 401(k)-retirement account based on the amount you put in yourself. This is a great way to increase your retirement savings. Find out your employer’s match and start maximizing your earnings. If you are self-employed and need to find your own retirement plan, reach out to your financial institution and ask about their individual retirement account (IRA) options.
Take $5 to treat yourself when your taxes are filed. One aspect of positive money management is to bring joy and celebrate. Reward yourself for financial discipline!
File your taxes early – Three benefits from filing early:
- Receive your return faster.
- Allow more time to make your refund work for you.
- If you owe money in taxes, you’ll have more time to plan and prepare your payment.
For more information on how to get ready to file taxes, visit the Get Ready page of IRS.gov at https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes
By: Brenda Langdon
