What Should I Do With My Tax Refund?
If you are among the people who had too much taxes withheld and you are getting a refund, congrats. I owe taxes because of my “all-1099″ status all year, and even with paying estimated taxes every quarter, I still owe money! When I was working for the man I always tried to break even on my taxes, so that I did not get a refund or owe any money – that way, they didn’t get to keep my money all year and I didn’t have to come up with anything at the end of the year. But this year, I bet everyone would enjoy getting a tax refund with the way the economy is! If you are getting one for the 2008 tax year, this is not the year to blow it on wasteful spending, but rather give some thought to your overall financial health right now instead. In these times, is there something else you should be doing with your money? Let’s take a look at a few options:
