March 30, 2017 · mccsokinawa.com
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t’s that time of year again—the one where you feel like you’ve finally found a money tree. Tax refund season gives military families a financial boost, but that boost is often short-lived. More often than not, hefty tax returns are used for unnecessary splurges. I mean, do you really need a hot tub for your barracks room? There are many ways to make the most of your refund: you can invest your tax refund to get an even bigger return down the road, put it into various retirement funds to secure a financial future, or apply it to outstanding debt from loans and credit
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cards. It’s also possible to save that refund for future expenses, like trips to the veterinarian, JCI and road tax, childcare costs and more. Resisting the temptation to spend your return all at once and meeting with a personal financial management consultant can prepare you for a year of financial readiness. Consider attending the Money Management workshop hosted by Marine & Family ProgramsResources. This hands-on financial literacy workshop teaches attendees how to prepare a financial statement, develop a budget and establish a savings plan. The workshop also highlights how to build
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Creating a strategic plan for your refund can pave the road to financial readiness. or rebuild a good credit record. By the end of the workshop, you’ll be a pro at managing your money to achieve financial success. To view dates and times for the workshop, and additional financial planning resources, visit mccsokinawa.com/finance.
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