If you’re one of the lucky ones to get a tax refund this year, good for you! A lotta people like to think, yay, free money! We’ll it’s actually your money, so put it to good use. Here are a few ways to do it wisely.
1. Start (or add to) an emergency fund. Many people don’t have a dedicated rainy day fund, use your refund to make that happen.
2. Invest in yourself. You could put the money toward education, career training, personal improvement, or some sort of personal experience with the potential to enhance your life.
3. Put it into an IRA or workplace retirement account.
4. Pay down debt.
5. Improve your home with energy-saving appliances. Or windows, or weatherstripping, or solar panels – just to name a few options.
Treat yourself to a little something, but put the majority of your refund money to work for you!