Tax Refund Case Study

Satisfactory Essays

With a tax refund of $800 Shelby should not use her refund for impulse purchases but rather use the refund towards her credit card debt, doing so would reduce the high-interest rate considering her credit card balance would be less. She should not leave the refund in her checking account, but rather make a contribution and sign up for a retirement plan such as a tax-deferred retirement plan. She could also put the funds into a savings account to draw

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