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Making the Most of Your Tax Refund

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Personal Finance, Taxes
Reading Time: 1 min read
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With tax season upon us, millions of Americans are expecting sizable refunds.  But there’s no consensus on the best ways to put that money to work.  I stopped into PIX 11 in New York City to share some tips and strategies for maximizing the extra cash.

I kicked off the segment with my top priority for refund recipients – debt repayment.  The average credit card carries a 16% APR, with rates expected to increase this year. So, additional funds can get those balances down and limit interest charges.  I also suggested building emergency savings using tools like the Spruce mobile banking app and investing in professional development courses from sites like edX.

I closed the segment with some best practices for filing your return safely and on time.  

It was great to be back on PIX 11.  Thanks to Hazel and Dan for the opportunity to educate and empower your viewers.  See the full video below.

Tags: tax refund
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About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

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