Are you celebrating a tax refund? Mazel Tov! But don’t go blow it on something weird.
Here are 4 good moves to make with it.
- First, build (or start) your emergency fund. That’s the money you dip into if there’s an unexpected mishap for example.
- Second, pay down your highest interest credit card. But be careful not to run it back up.
- Another smart option, put it into a special savings plan, for retirement, or a college fund
- Finally, think about prepaying for an upcoming vacation. That way, you’re not putting your trip on a credit card.
With these four ideas, you can become a tax refund genius.
Do us a favor please. Tell your friends about us so they can be smarter about their money too.