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    Six Ways to Optimize Your Tax Refund

    According to the Internal Revenue Service (IRS), the average taxpayer received a $3,000 refund in 2017. This chunk of change—depending on how you allocate it—could make a big impact on your bottom line. Before you’re tempted to spend it on impulse buys, consider these options for maximizing your tax refund. Boost your emergency fund. Financial experts say you should have three to six months’ worth of living expenses saved in an emergency fund to protect yourself in case of a job loss or another unexpected financial hardship. Stashing your tax refund into an emergency fund could get you well on your way to reaching that dollar goal. Pay off high-interest…

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    Home Equity Basics from Member One

    Your home improvement to-do list is a mile long, but you’re lacking the funds to get anything done. Sound familiar? Since the likelihood of stumbling upon a pot of gold is none, consider tapping into your home equity—the difference between what your property is worth and what you still owe on your mortgage. Read on to learn more about how to leverage your home’s hidden value. Do the math. Home equity is calculated by looking at the value of your home and subtracting the amount you owe on any mortgages. Let’s say your home is valued at $200,000, and you owe $150,000 on your mortgage. That means you have $50,000…