What Smart People Do With Their Tax Returns

Sophie Miura

One of the few great things about tax time is the day your refund arrives. Sure, filing your tax return was a pain, but nothing raises spirits quite like seeing a deposit in your checking account. While visions of a new Céline bag or Eames chair may be dancing through your head, the most fiscally responsible people (i.e. those of you with a retirement account; those of you who don’t spend $300 on shoes) know to spend their refunds wisely.

Considering the average return in 2016 is $3053, now is a great time to take stock of your finances. We spoke to a panel of experts to find out the best ways to make your money work for you. No, a shopping spree at West Elm isn’t on their list of advisable financial decisions, but you might be surprised by some of their tips. 

Close your cart and keep readingthis is how smart people spend their tax refunds.  

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