The Smartest Way to Spend Your Tax Refund in Wilmette
What should you do after your refund check comes? Attorney Leslie H. Tayne shares what's best to do with a lump sum.
It’s that time of year again: tax season. After the time consuming process, you anxiously wait for your tax return. Although you may be inclined to go out and spend the money on a weekend vacation or an item you’ve been dying to purchase, take a second to consider some of these options for spending your return. Pay down debt A tax return is one of the largest lump sums of money you may receive all year. Use it wisely and dedicate a portion (or all of it) to paying down debt. If you have credit card debt, make a lump sum payment towards the bill. If credit card debt isn’t your problem, consider making an extra (13th) payment on your mortgage to lessen the amount you have left. If you are burdened with student loan debt or a personal …
