As tempting as it might be to take your tax return check and book a vacation to warmer weather, there are other options that will allow you a more comfortable financial future.
If you are lucky enough to get a refund you should:
1) Pay your debt.
Start with your credit cards with the highest interest rate. Once you have paid those off, send the monthly payments you were paying straight to a savings account.
2) Save it.
If you have money leftover after paying off your debt you should send it into a savings account. Once you have a nice cushion set aside you can start increasing its worth.
3) Invest it.
Invest in a certificate of deposit (CD) and watch your money grow interest without being tempted to spend it.
Stop in to our main branch and talk to Jenelle to set up your financial plan, today!