Posts Tagged‘spending’

Ways to Invest Your Tax Refund

Financial advisors recommend that American taxpayers attempt to adjust their tax withholding to see that they neither have to pay the IRS nor get a refund. This happy medium is difficult to achieve, and the average tax refund is a little more than $3,100. This is admittedly a nice windfall for most folks. The question then arises of how this refund should be used. Here are some options that will help improve the average American’s long-term financial standing. Pay Off High-Interest Debt The average household in the US now has about $16,000 in credit card debt. Even if the interest rate were…