Tax season is here and many Americans will expect a refund. For some, this is the only time of year they will see any influx of income. It’s tempting to spend that money on things you want, but there are smarter financial decisions you could make. Here are a couple:
– Put a dent in your debt: You can use the money to get rid of any high interest card balances.
– Invest in the stock market: Investing in the stock market is a great way to benefit from compounding interest in your working years.
If you aren’t sure how to use your tax refund, speak to a financial advisor.