5 Smart Things to Spend Your Tax Refund On

The COVID-19 pandemic has placed millions of Americans in a tough spot financially as they're out of work for the foreseeable future. Whatever plans they may have had for their tax refunds before this have likely changed since it's become increasingly important to beef up your emergency fund. But if you're still working and you already have a solid emergency fund, you might be better off putting your money to work for you.

Here are five suggestions for using your tax refund that can either help you save money or grow your wealth. You won't see results right away, but the long-term benefits could be much more significant than a few thousand dollars.

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