How To Get The Most Out Of Your Tax Refund

How To Get The Most Out Of Your Tax Refund

This shop has been compensated by Collective Bias, Inc. and its advertiser, Walmart Family Mobile. All opinions are mine alone. #YourTaxCash #CollectiveBias

Can you believe that it’s tax season already? It’s a stressful time for many individuals, but especially for self-employed small business owners. It usually takes me several weeks to get all of my tax information together. I rarely get a refund, and when I do it’s small, so I want to make the most out of it. Today I’m sharing some tips for how to get the most out of your tax refund.

How To Get The Most Out Of Your Tax Refund

A tax refund should be looked at as an investment. Any refund that you receive will quickly disappear if you don’t save or spend it wisely. You should consider paying off bills, like high interest credit cards, but lowering your existing monthly bills is also a good way to make every dollar go farther. Things such as paying off car loans or other debts should be a priority, and they’ll provide you with long term rewards. This year my husband is using part of his tax refund to fence in an additional pasture on the farm. It will allow him to rotate livestock to ensure they have fresh grass to graze and it will allow us to eventually have more livestock on this property. Establishing good rotational grazing schedules is an integral part of having healthier livestock, which can lead to fewer veterinarian visits. Growing our herd numbers and decreasing expenses will help increase profits from our livestock.

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I’m not saying you shouldn’t spend your money. I’m certainly not in a position to ridicule anyone for spending a small amount on something that you really want; but, in the grander scheme of things, that new television, purse, or those expensive shoes won’t last very long. Long-term investments are more likely to reap long-term rewards.

Before I switched to Walmart Family Mobile, my monthly cellphone bill for a single plan on a major carrier was over $120 each month once all of the taxes and fees were applied. I had roughly 6GB of data and if I used over my monthly allotment, I was charged outrageous fees. I have to use my phone and data plan frequently for work. Occasionally, I get opportunities that are time sensitive and I need to respond quickly. I realized that my cell phone bill was twice more than what it should be, and I considered making the switch. In my personal situation switching to Walmart Family Mobile could save me $720 per year, which is nearly equivalent to what I might get back in taxes.

How To Get The Most Out Of Your Tax Refund

How To Get The Most Out Of Your Tax Refund

The SIM Kit for Walmart Family Mobile costs $19.88; since Family Mobile bills you later, you only have to pay $19.88 when you sign up. You’ll just need to purchase a Walmart Family Mobile compatible phone such as the Samsung Galaxy On5 or use a compatible phone that you already own.

The Samsung Galaxy On5 retails for $119.00 at Walmart, which is a great value for a smartphone. It has 8GB of internal memory and a microSD card slot which can expand memory up to 128GB. The Samsung Galaxy On5 has a 5MP rear-facing camera capable of 720p video recording and a 2MP front-facing camera. It has a 5 inch HD touch screen and uses Android operating software.

But if you still don’t think the Samsung Galaxy On5 is the right phone for you, they have several other smartphone options available.

The Walmart Family Mobile Plus Plan includes *Unlimited Talk, Text, & Data which includes up to 10GB of 4G LTE then 2G plus a free VUDU movie credit every month ($7 value) per line for $49.88.

*Includes up to 10GB of 4G LTE† data then 2G

The free VUDU movie credit is a great bonus and it’s enough for a new movie rental. It can be streamed on a Smart TV, ROKU®, Chromecast®, VUDU Spark™, or other compatible device.

Disclaimer: All prices for phones and plans included in this post are accurate as of the date of posting; however, these prices are subject to change. Please refer to this link or your local Walmart for current pricing.

Tax season and tax refunds only occur once a year. If you get a tax refund, I hope you’ll spend it wisely and consider investing some of your hard earned tax dollars in something that will help you achieve long term savings and rewards. If you’re looking to decrease your monthly phone bill, check out the phones and plans available through Walmart Family Mobile. I hope you’ve enjoyed these tips for how to get the most out of your tax refund and I’d love to know what you plan to use your refund on this year.

How To Get The Most Out Of Your Tax Refund

 

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1 Comment

  • Reply Stephanie 17/03/2017 at 7:28 am

    What a beautiful farm! How great that this plan allows you to stretch your tax dollars and be able to put those tax dollars towards your livestock #client

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