Are you getting a tax refund ? Well, I don’t want to take the “fun” out of reFUNd, but before it hits your account, consider using it to pay down your debt. Every year for the past 7 years we’ve used ours to pay off a credit card or another debt that was weighing us down. Was it fun or glamorous ? NO ! Did we want to take a family trip instead ? YES ! Usually we kept out enough for one dinner out for the family ($50 or so) and then stuck the rest on debt.
One year we got back $6,800. I can’t remember why it was higher that year ?? People (my family included) thought we were crazy to put essentially every penny on debt, but it’s really helped us to get out from under $143,000 in debt.
Is your tax refund is on the way or maybe it’s already sitting in your bank account ? Fund a little emergency fund in case something comes up, but then use it to help your family have a brighter future. No, it’s not fun, but it will be when you are debt FREE later on !