Spending your Tax Money Wisely

Spending your Tax Money WiselyTax season just wrapped up and for most that means a hefty check is coming your way. So, rather than spending the money on something impulsive, it may be worth it to work toward some long-term goals. Whether it’s starting a retirement fund or making overdue renovations to your home, making smart financial decisions with your tax money can help you get ahead. Furthermore, don’t forget to secure your home and your financial decisions with a comprehensive CT Home Insurance policy.

Home Improvements

Mint states you could repaint one or more rooms, install new bathroom faucets, buy a programmable thermostat, add new landscaping, or de-junk and organize your garage; increasing the value and enjoyment of your home is smart long term money management.

Upgrade Appliances

If your fridge is constantly too cold or your stove isn’t working the way it should be, consider investing in an upgraded version. Not only will this improve the quality of your daily life, it will add to the overall value of your home.

Start a Savings Account

This can give you a big head start on a sizeable savings account. Whether it’s for a new home or a family vacation, these funds can come in handy.

Create a Retirement Account

If you and your spouse’s income is less than $181,000 combined, you can open up an individual retirement account. Even if you already have a 401k, this extra money can be really beneficial.

Whether you’re investing in your home or yourself, these smart money tips will help you come out ahead. At Byrnes Agency, we are committed to your success, which is why we have crafted comprehensive and affordable personal insurance lines ranging from homeowner’s insurance to life insurance. For more information, contact us at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

 

 

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