Infographic: How Americans Spend Their Tax Refund

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Tax day is closing in fast. If you haven’t filed your tax return yet, well, what are you waiting for?! April 15th will be here before you know it. So decide if you’re going to be doing your taxes yourself, or if you’re better off hiring a tax pro. I filed my taxes weeks ago and am getting a refund from both the federal government and New York state for what seems like the first time (thank you mortgage interest deduction!). The average American received a tax refund of just over $2700 in 2012. Being the responsible finance blogger that I am, I gave you five dumb ways to go out and spend your refund check. Thankfully not everyone is irresponsible with their refunds. My friends at Green Dot have once again put together an awesome infographic that breaks down some interesting stats about who gets a refund, tax changes … Continue reading

Five Dumb Ways To Spend Your Tax Refund

burning-money

I filed my taxes this weekend, and like the majority of Americans I’ll be getting a refund from Uncle Sam. In 2012 the average tax refund was around $2900. You may remember that I’m not a fan of getting a big tax refund, and my refund this year is well below that average. Even still, I haven’t gotten a tax refund in a few years and it is exciting to consider the possibilities of what can be done with that money. I could drone on and on about how you should pay down your debt, build up an emergency fund or invest your tax refund. But what fun is that?! Instead, let’s look at the dumbest ways to spend your refund check! 1. Throw a Party – Believe it or not, I had a friend who did this. He threw a huge party after getting his check and spent it … Continue reading