GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
The study found that 77% of Americans will spend their tax refund on necessities this year.
Whats on the top of their list?
Meanwhile, 44% will put the money toward groceries and essential goods.
This is common and nothing to be ashamed of in todays financial environment.
That kind of pressure is real.
Its worth seeing if theres a monthly expense thats quietly draining your budget.
Sometimes, small tweaks like changing due dates and reducing interest payments can provide the breathing room you need.
The goal isnt perfection, Kovar said.
Its just trying to make the months ahead feel a little less like a juggling act.
Plan for the Holidays
If youre still paying off last years holiday celebrations, take heart.
Youre not the only one, Kovar said.
A lot of people spend January through April trying to clean up December.
But its still early enough to avoid the situation this holiday season.
A little planning goes a long way, so youre not scrambling at the last minute.
Investments dont always have to be related to building your portfolio, either.
Its … about putting the money somewhere that helps you sleep better at night.
Youre essentially giving the IRS an interest-free loan of your hard-earned money.
The smoother your records, the less of a headache tax time becomes, he said.
More From GoBankingRates
Share This Article:
