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How NOT to spend your income tax refund… IF you receive a refund

“Gambling, investing in cryptocurrency or backing a friend’s new venture are among the worst possible ways to spend a tax refund, writes Geoff Williams” in US News and World Report.See;

The 5 Worst Ways You Can Spend Your Tax Refund 

 Much better options: pay down credit card debt, pay down other debts like car loans and student loans. Build up your emergency fund by buying I-bonds with your refund. If you’ve already received your refund, wait until May 1 (for higher rates) and buy I-bonds directly from the U.S Treasury. Check out: https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
Current  rates: 2.58% for bonds issued November 2017 – April 2018. Starting May 1 rates are likely to be higher because the Federal Reserve Board is raising interest rates as the economy recovers from the Great Recession.

Source: Financial Planning for Women