Are you getting a tax refund? Perhaps you recently received your bonus at work? Or with the new tax laws you may notice that your paycheck is a little bit higher than it was before?
The absolute best thing you can do for yourself is tax any one of those scenarios and put that "extra" money towards your debt.
We had a little bit of each of these happen to us during the month of March. We received a tax refund, bonus and are noticing the slight upturn in take-home pay as a result of the new tax laws.
First, if you don't have an emergency fund or haven't fully funded your current fund. I challenge you to start one this month. Take the money we talk about below, and put it into a new or existing emergency fund. It should be a separate checking account, because you want to keep it apart from your normal spending and only used in emergencies.
Set a goal for that fund. Once you hit that goal, let's say $1,000...anything over that amount that is deposited in there each m…
The absolute best thing you can do for yourself is tax any one of those scenarios and put that "extra" money towards your debt.
We had a little bit of each of these happen to us during the month of March. We received a tax refund, bonus and are noticing the slight upturn in take-home pay as a result of the new tax laws.
First, if you don't have an emergency fund or haven't fully funded your current fund. I challenge you to start one this month. Take the money we talk about below, and put it into a new or existing emergency fund. It should be a separate checking account, because you want to keep it apart from your normal spending and only used in emergencies.
Set a goal for that fund. Once you hit that goal, let's say $1,000...anything over that amount that is deposited in there each m…