Use Your Tax Refund to Make Your Life Better

Use Your Tax Refund to Make Your Life Better
Plan now for how you'll manage that check to help make your life better, not worse. ImagePixel/Shutterstock
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Discovering that you'll be getting a tax refund is certainly not the worst news you’ve had in your life. In fact, it’s easy to see a tax refund as some kind of gift from the universe. You might even be feeling kind of proud of your forced savings account, to which you knowingly contribute every payday while living from paycheck to paycheck and relying on credit to make ends meet.

But here’s the truth: A tax refund isn’t a gift. It’s part of every paycheck you should have been getting all along. It’s not a saver’s reward. You overpaid your taxes. Plan now for how you'll manage that check, or your tax refund could evaporate into thin air.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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