Use Your Income Tax Refund Wisely

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Finances and other Single Parent topics.

What should I do with my income tax refund?

Use Your Income Tax Refund Wisely

If you are to receive a substantial amount of money from an income tax refund this year, start making plans now on how to spend it wisely. While you may be tempted to go on a shopping spree and splurge it shamelessly, resist that urge. Instead consider putting it aside in a savings account for something special. If you are unwise with your use of credit cards, use the money to pay off those credit card bills. You will save a lot of money on interest if you do not carry a balance over each month. Or maybe you need to replace a major appliance or use it as a down payment on a newer vehicle. Consider your refund as a bonus and use it to purchase some big ticket item that you cannot afford otherwise. You may want to treat your family to a nice vacation this summer. Consider everything carefully and decide what is the best decision for you. Taking a vacation or going on a shopping spree when your credit cards are maxed out, however, is not the right choice!

   

Comments

8/27/2011 3:18:47 AM
income tax refund said:

I am please that you have given explanation and symptoms in detail. what causes these? and what treatment is needed to treat income tax refund, please reply. Thank you




Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Single Parent Tip Site? Request a Tip Now!


Guru Spotlight
George Sayour