What to Do With Your Tax Refund

If you are the type who likes receiving a big tax refund at the beginning of each year, put that money to its best use. If you received a refund, identifying a plan for the money is the best way to maximize the benefit.

Look at your financial plan to see where a boost of cash could do the most good. By planning ahead, you can multiply the benefit of the refund by using the extra cash to strengthen your financial position. Depending on where the refund does the most good, planning ahead can turn a $3,000 refund into more than $10,000 in benefit!