Something Nubian

Every year I see humorous memes about the temperament of individuals when it comes to tax time. I find them fascinating as I remember a time when I would get my taxes back, and in my mind would think vengefully and act different.

With inflation comes a different way to look at what you need and want. It also creates panic which lead to physical, spiritual and emotional debt, and taxes not being enough.

Here are ways to invest your taxes although issues vary from household to household.

Life insurance and Stock

Life insurance is key to build generational wealth as well as purchasing stock.

Life insurance is helpful in many ways, especially if there is someone in the family who is the go to for almost everything such as a place to live or that lends money. Stocks, bonds and life insurance puts an end to that as long as there is someone to set up trusts and educated those in the family who are having money problems.

Insurance provides benefits before the end of life due to built cash value from permanent policies which are only in two forms – whole and universal life, not all policies fit all. See your trusted insurance provider for more details.

Also stock, there are ways to earn in this form either daily, weekly, monthly, or even quarterly. And this can also be left for beneficiaries.

My favorite individual to find out more on stock tips is Boyce Watkins.

Car maintenance

Your vehicle is what gives you the freedom you need to get back and forth from work, school, doctor’s appointments and social events. And if you are an introvert like myself, you are always looking for an exit strategy, no matter where you go.

So instead of purchasing a new car with payments, just fix the one you have.

Education

Last year, my husband found a class for me to take that would secure the families financial future. As a housewife, I like to find ways to make money so that I may contribute to our household, so the class I attend is fruitful.

Some of you are just a few classes from getting that degree, why not finish what was started. Or find a course that peaks your interest on what you can do to start a side hustle. Finding a coach wouldn’t hurt either.

My favorite saying is: Instead of buying a coach, invest in one` unknown

Coaching

As a writer, getting a coach opened my mind and soul! I had no idea the directions being a writer could go. And instead of starting a new business, I continued to stick with the one I started. And yes, writing a book can be a business!

I wrote a book in 2016, it did not turn me into a #1 seller on Amazon, and it made me feel like I should give it up until I began following a coach and finally asked her for help.

Since then I created a planner, journal and notebook based on my first book, then went on to create new books.

Being an author could lead to people, places and things one could have ever imagine from the time started. Some authors have podcasts, are paid for speaking engagements, and created courses, just to name a few.

It lead me to crafting and improved my homeschooling options.

Anything I learn, I teach to my children, so that they will know what I am doing and what they can do to create an income for themselves.

I tell them constantly, find a need and fulfill it; instead of working part time, start a business, invest in your self the way you see fit, even if it is the business of you!

Dental care

It says a lot about our health, poor dental hygiene is an indication that there is something wrong internally.

According to CareQuest, mouths matter more than you know! Lack of dental care increases chances of heart failure, dementia, decline in respiratory health and diabetes.

So if you are a speaker or singer, your mouth is not the only thing that is getting your bills paid, having a healthy mouth would help with memory and the way you breathe.

Pay off debts

Most purchase new furniture or clothes during tax season, but paying your bills (even if it is setting up payment arrangements) will increase your credit score , improves self esteem , and cause less stress.

Not paying off debts could affect your insurance, finding a place to live and relationships with other and creditors.

Turn off your card or get it replaced

This will stop unnecessary charges or buying things unnecessarily, at least this has helped me!

The day my taxes came in, charges that I forgot about were beginning to come out of my account! Services that I cancelled but did not uninstall on my phone or remove my card from billed me although I cancelled my service with them.

If this happens to you

Be sure to contact your bank when the charge posts to the account, not when it is pending because then it would not be refunded to your account in a pending status after your claim is filed, they will not convey this to you when you file an initial claim

Places that had your last payment on file will charge your account the same balance as your last payment, if you are not properly canceled, they will still charge to your last card or account.

Do not panic when you see charges in pending status in your account

Be aware of what you are paying for so that there will not be reoccurring charges later that have been long forgotten about. Make a list of what is being charged to you weekly, monthly and annually and take a hard look at if those payments are worth it. You can find this out using Rocket Money.

Memberships that are not being used properly or regularly may have free accounts and this could save a lot of money in the long run.

These are just some tips that helped me in the last couple of years.

Happy Tax Season