Sense & Centsibility Blog
How to use your tax refund to get ahead this year
For many of us, tax season means money in the bank. Well, at least for a little while...until we spend it, right? If you are anticipating a refund this year, do you have a plan for what you will do with this extra cash? Lately, I've been asking my clients what they plan to do with their refunds. Although "creating savings" seems to be a common response, very few people could actually tell me what expenses they were specifically saving for. Also, some of my clients who were planning to set aside their refunds to savings had already filed their returns and requested that the refund be automatically deposited to their checking account.