Many people every year wait until the very last minute to file their taxes…especially if they owe a significant amount of money. And if you happen to be one of those people remember today is the last day you can file and all taxes must be in by midnight. With that being said, although many people in the United States may owe the IRS a lot of money by tonights deadline, they will be happy when they open their mail and get a nice check from the IRS with their tax refund.
Yes, it does happen to most people who file and if you are lucky enough to get a big check, which does average $3,000…what would you do with it? Now many people who get big return are quick to spend it there is no doubt about that. They choose to spend it on a vacations and shopping sprees, but the truth is you really should be saving that money you get back from the IRS.
Getting significant amounts of money back shouldn’t always be used for leisure. Think about putting that money towards an investment or even towards current loans that never seem to get paid down. I know I know…it doesn’t sound as good as a shopping spree, but your future self will thank you!