Tax season is over and for those who received a tax refund the question is what to do with that refund. Many tax filers already know what they will do with their refund such as paying down debt, bringing past due bills current, other individual financial needs, etc. Saving some of your refund can be a helpful option in the long run. If you are one that has not decided here are some options you may want to consider:
♦Save for Holiday Gifts
Having some money in savings can make unexpected expenses a bit easier to handle.If you have already made plans for this year’s tax refund, consider one of these saving suggestions for next year. For more information on reasons why you should consider saving part of your refund, read this article by the Consumer Finance Protection Bureau.