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Optimal Finance Daily - Financial Independence and Money Advice

2206: 7 Money-Smart Ways to Spend Your Tax Refund by Andy Hill

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 15 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Andy Hill of Marriage Kids And Money shares 7 ways to spend your tax refund Episode 2206: 7 Money-Smart Ways to Spend Your Tax Refund by Andy Hill Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family tree for generations to come. In 2016, he got so geeked about this topic of young family finance that he decided to start a blog and podcast about it. It began as a hobby and then morphed into a fun side hustle when people started to enjoy the information he was sharing. Fast forward to today, he’s left his corporate event marketing career behind and is now a full-time blogger and podcaster who has been featured in major media outlets like CNBC, Kiplinger’s Personal Finance and NBC News The original post is located here: https://marriagekidsandmoney.com/7-money-smart-ways-to-spend-your-tax-return-2 Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, Episode 206, 7 Money Smart Ways to Spend Your Tax Refund

0:08.2

by Andy Hill of MarriageKidsInMoney.com

0:11.6

And I'm your host and personal finance enthusiast, Diana Mariam.

0:15.8

Now let's get right into today's post and continue optimizing your life.

0:24.4

7 Money Smart Ways to Spend Your Tax Refund

0:27.8

by Andy Hill of MarriageKidsInMoney.com

0:32.3

So you got a big tax refund, sweet, what an awesome feeling.

0:36.7

The big question is, what should you do with this unexpected money now at your disposal?

0:42.3

The first reaction for those of us who work long hours and are sick of the winter weather

0:46.7

is to plan a tropical vacation.

0:48.7

We're all thinking sunshine, umbrella drinks, and white sandy beaches.

0:53.7

Now I'm all about the tropical vacation, but it's important to consider some other

0:58.0

options that will improve your financial situation first.

1:01.7

You don't want to be laying out on the beach thinking about unpaid credit card bills.

1:06.3

Those coronas taste sour when they're spiked with guilt.

1:10.5

Here are 7 Money Smart Ways to Spend Your Tax Refund.

1:14.9

Number 1 Crush Dead

1:17.6

If you have credit card bills that are piling up interest, student loans that have been

1:21.5

around way too long or a home equity line of credit that you've been using like an

1:25.8

ATM, this year's tax return can help stop the bleeding.

1:30.5

Whether you're getting $50 back or $5,000, take this moment to begin eliminating debt

1:36.1

from your life.

...

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