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Receiving a Tax Refund This Year? Invest It!

Receiving a Tax Refund This Year? Invest It!

Investing

Receiving a Tax Refund This Year? Invest It!

The average American will receive at least a small income tax refund; many will receive checks for thousands of dollars. In 2010 the average federal tax refund check was for slightly more than $3,000. While you could spend your refund check, why not take advantage of what is essentially “found” money and invest it?

Keep in mind that your best investment could be to pay down debt; if you are carrying debt with a high interest rate, paying down that debt and lowering your monthly payments could be the smartest investment you can make.

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