5 smart things to do with your tax refund

first_img 31SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Whether a check shows up in your mailbox or a deposit appears in your bank account, getting an income tax refund may feel like “found money.”Unfortunately, at least part of that tax refund is more like lost money. The last thing you want is to consistently get a sizable tax refund. It may feel like a bonus, but it actually is your repayment from the government of an interest-free loan you’ve made to Uncle Sam. While it’s been in his hands, that money hasn’t been available to earn interest or buy necessities for you.Because a tax refund can feel like a windfall, it’s tempting to use it to splurge on something fun. Every year, a host of personal finance articles recommend otherwise. Some of the common suggestions for wise use of a tax refund include:1. Build up your emergency fund. continue reading »last_img

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