Find a penny, pick it up: what to do with money 'found' in your tax refund
Divest, nest and then slowly invest. There is rarely a compelling reason to invest quickly and usually always a compelling reason to take your time and do it right. Although tax refunds usually aren’t enough to have financial professionals chasing after you, there is still a temptation to invest without all the facts. Resist this urge and take your time.
Fun with found money
Now lest you think that you can’t have any fun with found money, let me just say that you can. You might have a trip you have wanted to take or that toy you have wanted to buy. Just be careful that you don’t get a year away and wonder where it went. Tax refunds are usually enough to do a little divesting, nesting or investing. And what could be more fun than future financial stability?
Shane Stewart is a certified financial planner at Deseret Mutual. He welcomes your feedback. Or you’re welcome to suggest a topic. Please send your comments to email@example.com.
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