It’s tax time! Hopefully, you are getting some money back from Uncle Sam. I am happy to report that we are getting a nice chunk of change back. However, this coming year we will be in a different tax bracket and most likely will owe, so this is probably one of the last refunds we will see in a while.
According to the IRS, the average tax refund is $3,120. While it may sound fun to go on a tropical vacation or upgrade your furniture, it’s a better idea to invest that money back into yourself, save or pay off debt.
Here are four ideas on how to spend your tax refund.