Tax time is here! Many people get a tax refund – it's like getting some extra money back. But what should you do with it? It's not just about spending it all at once; smart choices can help your future!
- Save for emergencies (like car repairs or if you lose your job).
- Put some money in a savings account to grow slowly.
- Pay off debts, especially those with high interest.
- Save for retirement – your money will grow bigger over time!
- Invest in things that help you, like college or starting a business.
| Fact | Number |
|---|---|
| Average tax refund in 2024 | $3,138 |
| Recommended emergency fund | 3-6 months of expenses |
