Save, Spend and Invest Your Tax Refund
With the tax deadline behind you, and the IRS expecting the average refund to be more than $3,000, you’re certain to entertain thoughts on how to spend the money. However, before you take the cash and splurge on the newest shiny object, the Illinois CPA Society has some tips on how to use your refund to bring larger returns to your overall financial outlook. Pay Off Debt Use your refund to make an extra payment on your mortgage or student loan. If you’ve only been paying the minimum on your charge card bills, make larger payments or pay off the balance. Build an Emergency FundPut