How to Spend your Tax Refund or Bonus

In this video, I break down how to use one-time money such as a bonus, tax refund or inheritance the smart way. We go over common mistakes people make with a lump sum of money, and a simple framework to make extra income actually work for you. If you’ve ever wondered what to do with extra money or how to avoid wasting a bonus or refund, this practical guide will help you make intentional financial decisions that build stability and long-term wealth. #personalfinance #financialeducation #financialliteracyforwomen ___________________________________________________________________________________________________ Video Chapters 0:00 - Introduction 0:35 - Mistake 1 - Mentally spending the money before it arrives 1:05 - Mistake 2 - Treating one time money like recurring income 1:44 - Mistake 3 - The Emotional Justification 2:27 - Mistake 4 - Ignoring the actual amount 3:26 - Mistake 5 - Not assigning a job to the money 4:29 - A core reframe 5:21 - A framework for any lump sum money 5:36 - Stabilize your finances 6:22 - Advance your goals 7:09 - Enjoy the money 8:08 - Should you save or spend it all?