Do you know how to spend your tax refund?

 It's tax season, that time of year to figure out exactly how much of your hard-earned money never makes it to your pocket. If you are lucky, however, you get some of that money back. I know, I know. You aren't technically supposed to get a refund. A refund means that you have allowed too many taxes to be taken out of your check during the year, and you could have been putting that money away in an interest earning account every month or pay down debt. That's what all the tax-related articles tell you....more

Personal Finance: Now, What Are You Going To Do With That Refund?

Hey, tax season is in full swing and getting a refund is exciting.  Many treat it as though they've won some sort of prize and then go out and spend iton a big vacation, anew entertainment system, clothes, purses, shoes, and on and on... but are those really their best options? Tax refunds are somewhat unplanned amounts of cash coming back into your bank account, and are really unnecessary, in my opinion, because it's already your own moneythat you just receive back as a refund, without any interest, of course.  I know you would be all over the bank if you left your money in there all year and at the end of the year you made a withdrawal and received no intereston your savings.  Well, that's the way it is with your refund.  But, with a little knowledge, you could do better.  You can control your own moneys during the year; making investments for the future or paying down debt are great ways to better your financial future. Here is what you should do with your tax refund....big or small.First, take 10%, and buy whatever you want. Splurge. You deserve it. Not only will it make you feel good, but it will keep you in good spirits and focused with what you're going to do with the rest. ...more