A tax refund is typically the largest and most reliable windfall many Americans receive annually.
Others intend to sock it away, with 12% planning to start an emergency fund.
While theaverage tax refundthis year so far is $3,221, everyone’s tax situation is different.
There’s no guarantee you’ll get this amount.
So what if you don’t get the big refund you were counting on this year?
Consider these alternative ways to make up for the shortfall.
Read more:Tax Refund?
I Can Afford a Carton of Eggs With Mine
1.
In fact, you might amend returns up to three years old.
Thebest budgeting appscan make it easier to track.
You might be able to:
3.
The kind of debt you use impacts how easy it’ll be for you to manage it going forward.
A few to consider:
4.
One popular option is the debt snowball method.
Then roll those extra funds into your payment for the next lowest-balance debt, and so on.
This method lets you see the quickest wins to gain momentum and simplify your bills.
Fund financial goals in smaller increments
A windfall to boost your savings would look great on your balance sheet.
But you could still make progress.
One easy way to start saving more is by automating it.
Consider setting up ahigh-yield savings accountto help you grow an emergency fund faster.
