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Shoppers Market: How to best use your tax refund

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  • Description

    Splurging might not be the best way to go

  • Duration 2:00
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Are you expecting a big tax return.

And are you dreaming of spending in product tropical vacation -- -- new wardrobe.

You might want to think twice about that everybody thinks and a tax refund is streamlining so when they get it.

They tend to go out and -- while it despite their best intentions you learned it you earn this money you may think it's just a free money it's a windfall it's not.

It's money that the government has been holding an -- coming back to you in the form of cash.

It may not be as glamorous as a week on the beach but think about using your return to pay down your credit card debt.

It would be far more to contribute your long term goals.

A survey conducted by Capital One shows 33% of Americans plan to spend part or all of their tax refund this year -- You're the -- which was almost 3000 dollars this year the average will be almost 3000 dollars that's 250 dollars a month so if you get that every -- fund.

What you should do is marching to your employers personnel office.

Asked them -- -- W four form that's the one that tells them how much to withhold fill out that form -- back to if you claim a couple -- extra allowances on that form.

Your paycheck will go up next beta we call to do it yourself -- rates.

Statistics each other a lot of Europe and in using their refund to actually pay down their debt which is a great thing.

But intentions.

Vs what we actually do maybe two different things altogether we intend to pay -- -- -- with our refunds.

We made on -- I mean we take a vacation we may have funnel and it.

Use it wisely.

The long term benefits of paying down your credit card debt will have a big impact on your future.

Including your ability to get the best rates for auto loans and mortgages in the -- Brenda Buttner Fox News.

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