Great Tips for Getting Debt Under Control

Tax refunds will be arriving in your mailbox or directly deposited in your bank account before you know it.

An added bonus this year is the government’s economic stimulus disbursement, which can range anywhere from $300 for a single person to $1800 for a family of four (even more for families with additional children, $300 per child). Families across the nation will experience a significant bonus due to their tax refund and stimulus payments this spring.

“A windfall of this proportion provides people with an opportunity to create a financial turning point in their lives,” says The Debt Diva, Clarky Davis of CareOne Credit Counseling. “There are variety of great options to consider when deciding how to feather your nest with additional income.”

This is a great time to review your current financial situation and figure how best to use your tax refund to provide you with some needed security. First review all outstanding debts, check your credit card balances and write down what you owe each month. Then review your calendar for any upcoming expenses, like car repairs, appliance replacements or home repairs. Now you can decide how to best make your refund and stimulus check work for you.

Check out Clarky's post here for her tips on paying down debt, starting an emergency or retirement fund, and more!

Posted May 16, 2008, filed in Clutter Hack Links, It's That Time