The Right Way to Spend Your Tax Refund

In 2015, the average tax refund was greater than $3,000. For some people, being handed that amount of money in a lump sum creates a challenge. Typically, the first reaction is to start spending on “things” without really giving much thought to the process. Within a short amount of time, the money is gone and the individual is left with items that make little sense. Although you might be tempted to spend your tax refund immediately upon receiving the money, this is the perfect opportunity to analyze your financial situation carefully so that you avoid common spending mistakes. Mishandling of...

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