We asked three personal finance pros to weigh in on using your refund wisely
Monkey Business Images / ShutterstockHow much to set aside will be different for everyone.
“If you look at your bills and you’ve got a bunch of debt at a really high-interest rate, maybe it’s: ‘Future me would really benefit from not having that monthly payment anymore.’”All three money experts emphasize that especially after the tough few years we’ve had, it’s OK to spend a little on yourself. And Williams says you shouldn’t feel any guilt over it.“Sometimes I think COVID-19 makes you want to spend money just as a reaction, almost like a rebellion,” says Moorhouse.
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