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What to do with the money from the income tax refund?

16/08/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

 

 

 

 

 


The IRS will release today paying a lot more for refunds of Individual Income Tax (PIT) in 2013, the base year 2012, and waste lots of previous years.

But what to do if you receive this money?

It is common, for being an extra gain, which many people use this money in a disorderly manner, just satiating the desire for consumer goods, but it is important to be careful not to waste this chance to adjust your financial life. The first concern should be people with debts, who is with the debt financing or overdraft or credit card to establish a strategy to eliminate the problem. Those debts should be the first to be tackled, since interest rates are higher than the profitability of any safe application. "

However it is essential to negotiate before paying these bills, while minimizing the interest and fines. The taxpayer should also keep in mind that it's time to tackle the causes of debt and not the effect, and it only makes financial education.

As for taxpayers who have no debts ideally invest money, this time there are various types of investors. It is important that the investment is linked to the goals of families should be short, medium and long term. Otherwise the return may not be as interesting, even causing damage.

See where to invest:

 

As much as the numbers show a type of investment as advantageous, several factors should be evaluated before the decision, among which are market behavior, which can change course as a course of time, and especially the dreams and goals that wants to achieve with the money invested.

Invest only in line who apparently has the highest profitability can be a trap, even leading to losses. Moreover, the money saved should be divided into targeted investments to the goals and dreams of short, medium and long term.

Dreams of short term are those intended to be held in one year. For these, it is interesting to apply to savings, because when you need will have the availability to withdraw without paying fees, income tax returns or lose ..

Have dreams of medium term covering a period of one to ten years. Are those that do not occur immediately, but we see the realization in a period not so long, for these are interesting lines that have pre-set time period in the dream to be realized. Among the options recommend TD, CBD, Investment Fund, Treasury bond and gold. In this case, it is best to search at least three large financial institutions.

Have dreams of long-term, are those that most people believe that they will not hold, because it represents something far away. The time of these dreams is over ten years, which makes many discouraged before you even start. Affirm, whatever your dream it is feasible to be done, but it takes perseverance and start immediately. For these dreams recommend investing in Treasury Direct, private pensions, and actions. When investing in stocks, it is best to invest up to 20% of the total money for this purpose, that because there is great risk by relying on the company's performance in qualinveste.

It is important to stay calm and not make decisions on impulse, I also recommend that if you have a financial reserve for unforeseen extra (for this savings is also recommended), problems usually end up diverting money from dreams of medium and long term. Finally, even though the information directed toward changes in applications, one of the premises of financial education is to remain calm and have goals, which will make achieving your goals becomes simpler.


Source: UOL - Modern Consumer

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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