1059. Host Laura Adams sits down with Courtney Alev, Consumer Financial Advocate and Director of Product Management for TurboTax. They discuss real listener questions about budgeting, tax refund strategies, and paying down debt. You’ll learn strategies and tips for saving more, managing debt wisely, adjusting tax withholding, and curbing impulse spending to improve your financial life.
Key Takeaways
- Treat savings like an essential bill or subscription by automatically transferring even a small amount into a dedicated savings account every payday before paying other expenses.
- Tracking your total monthly spending is the best way to take control of your cash flow and see where small cuts can make a big difference.
- Rent is the maximum you might pay per month, but a mortgage is the minimum, due to property taxes, insurance, maintenance, and unexpected repair costs.
- A large tax refund means you overpaid taxes throughout the year; however, you may be able to adjust your W-4 withholding for higher monthly paychecks.
- Tackle credit card balances from highest to lowest interest rate to save the most money over time.
- Pause for at least 24 hours before making a non-essential purchase over a certain amount to help eliminate impulse purchases.
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Transcripts available at QuickandDirtyTips.com.
Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.
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