Tax season is here and you all might be anxiously waiting for your tax
return. According to IRS, on an average each taxpayer would receive an
estimate tax refund of $3000 for year 2013. You might be willing to
spend money on lavish vacations or luxurious items which you have been
dying to grab from long. But before making final decision; consider
below mentioned options that will give biggest bang for your buck.
Pay your Debts
Tax
refund is the largest yearly sum you receive. Use it as an opportunity
to finance your debts, especially if rate of interest is high. Spend it
in paying debts for credit card, bank, or more.
Career Investment
Take
advantage of tax refund to spend as an investment for future. Opt for
right career path by analyzing your inner skills and capabilities. Fee
structure for professional educational courses and online classes are
quite expensive. So, spending refund amount on your career plans will
owe you more earning power and flourishing career in future.
Build up Retirement Fund
Cost
of standard living is higher these days that we could hardly save
anything for future. It's important to plan for now and later. Investing
in a retirement plan is a good idea. It will give peace of mind and add
value to investment. Means you can enjoy luxuries of life and play well
in second innings as well.Read here...
