Tax Season!?! How To Effectively Use Your Taxes To Your Advantage.

Since it is still tax season, I felt that it would be the perfect time to talk about them.

So we’ve all seen the memes about wanting our taxes to hurry and arrive, but what are you doing when you get them. Most people will go out and spend them on things that don’t matter and later find themselves broke [again]. Your tax refund wasn’t some gift from God that you didn’t expect and all that jazz. It’s what you see taken out of every single check. It’s what you could’ve been using all year long to pay your bills, so why not still pay your bills. I just want to give the black community some words of advice, while you enjoy your hard earned money.

Now I know what you’re thinking, “why do you care?” Yes, it’s your money and you can do whatever you want with it, but I want to help you become financially stable. I don’t want you to struggle or have to ask anyone else for a loan. *Also STOP flashing your money and telling people when your taxes hit.* There are definitely people out there who don’t have your best interest at heart, and that can and will take your money from you.

My Top 5 Rules For Tax Season:

  1. Do not spend all of it in one place! (Unless for an absolutely good reason.)
  2. Concentrate on the parts of your life you struggle with financially. If you struggle with keeping up with your monthly rent, that’s where most of your money should go. Pay up a few months so that you can get ahead of your bills and give yourself a buffer.
  3. DO NOT go out and buy a bunch a bull**** and later complain about not having money. (This one is for me too) If you went out and bought a whole new wardrobe with your tax money, your bills had better be caught up.
  4. DO NOT go out and buy something (ex. a car) that you can’t afford. So you went out and financed a car with a decent down payment or you bought a $2,000 beater. Cool! Now what? My personal rule of thumb is, if you couldn’t afford it before the taxes you can’t afford it after. If an added monthly bill will mess you up right now, don’t go out and finance a car that will cost you more in the long-run. If you’re purchasing an old vehicle make sure it’ll last. There’s no point in sinking money into a car, that in a few months will need repairs. Which, again, will cost you more money in the long-run.
  5. If your credit isn’t the best, you shouldn’t be spending any extra money periodt. I can not stress this enough FIX 👏🏾 YOUR 👏🏾 CREDIT!👏🏾 It’s not about how you got in this situation, it’s about how you get out of it. Take a look at your reports from all three reporting agencies. Dispute any charges that weren’t you or that aren’t correct. Pay off any items you can afford to pay right now and see if you can work with them on anything you can’t. Remember credit is power!


Wow, are you still reading this? Lol, no, seriously thank you for continuing to tune in and read what I have to say. So I’ve decided that the month of March will be about {drumroll please} Finances. 😬 I am a nerd and yes, I am enjoying this. Wish me luck!

Published by Mariah Eskridge

Hello I'm Mariah Eskridge and my goal is to encourage those who otherwise wouldn't have the support. I graduated from Illinois State University in May 2019 with a Bachelors Degree in Marketing and Accounting. I've been faced with plenty of situations that I would've loved having someone that I can relate to.

2 thoughts on “Tax Season!?! How To Effectively Use Your Taxes To Your Advantage.

  1. Do you have a tax refund day? Here in the UK, businesses reclaim taxes and individuals can claim if they were overcharged through error but I don’t think there is something like this.


    1. Not really. For individuals you have to file before 4/15 for last years’ earned taxes. Your federal and state taxes are deducted from your paychecks during the year and you get most of it back when you file. It can get more complicated, but that’s the gist. And you can end up owing money.


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