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Tax refunds present an opportunity to better your financial health. Unfortunately, many refund recipients don't take advantage of it.
"A tax refund often feels like 'free' money, and many people use the funds to splurge on expensive items they wouldn't otherwise purchase," says Mike Sullivan, chief education officer for Take Charge America, a national non-profit credit counseling agency. "However, a refund presents a unique opportunity to use the money to improve your family's financial wellbeing now and in the long term."
If you receive a refund this year, consider using it in one (or all!) of the following ways:
1. Pay Off Debt – When you receive your refund, resist the urge to spend it on a shopping spree, fancy dinner or pricey vacation. Instead, use your refund to pay down credit card ba...
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