How To Make Your Tax Refund Stretch Throughout the Entire Year (And Beyond)

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It is an opportunity to strengthen ones financial future.

Paying off high-interest debt like credit cards saves you interest and frees up cash flow for other expenses.

If you prefer a smaller and more manageable start, try the debt snowball method, Sallenave said.

A high-yield savings account can help individuals invest their tax refund without risking loss.

A tax refund can also be a valuable tool for investing in your professional growth.

Use the tax refund to start an emergency fund.

Its hard to overstate how big a financial event this is for many low-to-moderate income households, Maynard said.

Typically, the IRS issues a refund within three weeks of electronic filing, Maynard said.

Having a plan in place before receiving a fund can help you assign these dollars to good use.

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