If you, like everyone else, are wondering what you should do with your tax refund, then we have just the right infographic for you. Today’s infographic by Jemstep provides 4 options to spend your tax refund. If you are hoping that one of the options is shopping, then you are in for disappointment. The 4 options provided here are all sensible — create an emergency fund, pay off your credit card debt, invest in retirement fund and pay down your mortgage. Pick the option that suits your financial situation.
What do you plan to do with your tax refund? Let us know!
Highlights of the infographic:
1. The majority (43.8%) of people plan to save their tax refund while a small minority plan to use the money to take a vacation.
2. The average tax refund this year is expected to be US$ 2913.
3. The infographic suggests using your tax refund to pay off your high-interest debt or pay down your mortgage.
Infographic courtesy of Jemstep.