Financial Resource

Best ways to use your tax refund

military putting money in piggy bankYou filed your taxes and your refund has finally been deposited into your account. Before you go out and reward yourself with a new couch or a vacation, consider your financial situation. Putting that refund to work to improve your financial stability should be your priority. Do you have high interest debt? Do you have money saved into an emergency fund for rainy days? This article provides some good recommendations on how to maximize the benefits of your refund. Also, if you received a big refund, consider adjusting your tax withholding and effectively give yourself a raise. This will help you improve your savings and reduce debt throughout the year while saving you money on interest.

http://www.militarysaves.org/blog/1034-be-money-wise-at-tax-time-5-ways-to-spend-your-tax-refund-wisely

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