Don’t allow your tax refund check to burn a hole in your pocket. Instead, let your money grow. If you receive money back from the government this year, try one or more of our five ways to invest a tax return for your future.
Now that your tax refund check is here, you’re probably thinking of all the ways you can spend it. Have you ever thought about choosing to invest your tax refund? While it might be fun to blow it all on something crazy, take a minute to make that through before charging ahead. Suppose you spend your tax refund on some crazy weekend out—how long will the satisfaction last? Probably not as long as you’d hope for the amount of money you’ll spend. Interested in finding a more practical, long-term investment for that tax refund? Investing in your home is a safe, smart option.