How to make the most of your tax return and stay on budget


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Canadians now have more time to file their taxes, with the original April 30 deadline now pushed back to June 1 due to the COVID-19 pandemic. And, while we’re all looking forward to getting a nice tax return in the mail, you’d do well to spend it wisely during these chaotic and uncertain times.

Before you get your tax return, you should ask yourself: Where is it needed the most?

For many of us, it’s our debts. It’s an uncomfortable issue for so many, but paying off your debt with the highest interest rate will save you more money in the long term. Other top-notch tax return investments include

putting the balance toward a retirement plan, an emergency fund, or starting a side business you are passionate about.

If you could use some help making sure your return goes to the right places, you may want to consider MoneyWiz 3, a finance tracking app that can help you create a budget you can stick to, and in turn, put your tax return to the best use.

Unlike other budgeting apps, MoneyWiz 3 is designed to keep you on track with minimum interference in your daily life. The app works with dozens of banks in over 51 countries so inputting transactions is fast and simple. And, you can set up budgets to be automatically detected by MoneyWiz 3 so it will know exactly where to assign each transaction.

Data visualization and easy connectivity are also part of what makes MoneyWiz 3 a top app recognized by Forbes, CNN and The Telegraph.

Creating the right financial plan all starts with being your own best bookkeeper, and doing so is a breeze with MoneyWiz 3. Originally $49.99, you can get it now for only $19.99 on Mac or Windows.

Prices subject to change.



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