If you're expecting a sizable tax refund this year, don't waste it on a new pair of kicks or a pricey vacation. Put that chunk of change to WORK. How
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💳Make a big credit card payment. The longer it takes you to pay off your debt, the more it will end up costing you. Getting your balance down could save you hundreds—maybe thousands—of dollars in the long run.
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👴🏽Start a retirement account. Say it with me: "It's never too early to start saving for retirement." If you don't already have a 401K or an IRA, use your refund to start one. (If you do have one, use your refund to feed it.) Through the magic of compounding interest, a single $1,000 contribution can turn into over $11,000 by the time you retire.
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📈Buy stock. Whether you're an experienced investor or you're just dipping your toes into the waters of Wall Street, your refund huge opportunity. Take a risk on that stock you've got a feeling about. Or you can play it safe and buy some blue chips or go in on an index fund.