The Spring season signals the beginning of new life and regrowth. This same principle from nature can also apply to your finances. If you are expecting a tax refund, consider investing into your own future. Have a plan in place well before the check comes in the mail or the direct deposit hits your bank account. The temptation to splurge on impulse purchases may overcome your good sense and ruin investment ideas. Here are a few tax return investment ideas to get you started.
Eliminate Debt
At first glance, paying off existing debt may not seem like an investment plan. But, consider how much you are spending on those high interest credit card payments each month. Are you close to your credit limit on those cards? That is even more reason to pay these balances off or at least down. You can redirect those monthly payments to a plan that makes you money, and you will boost your credit rating as you pay down debt.
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