Inside Out Blog

It’s That Time of Year: Saving Your Tax Refund

A recent survey by the National Retail Federation found that more Americans are planning on saving their tax refund this year. Results show that 44 percent of tax filers are going to stash away at least some of their money, marking the highest percentage in the survey’s nine-year history. About 40 percent say they are planning on using some of the money for debt repayment, and almost 30 percent will be using it for everyday expenses. Thirteen percent will be using their refund check for a big splurge.

Experts believe the rough economy has more people looking to save their money. The average refund is about $3,000, and more than two-thirds of taxpayers get one each year.

It’s hard to leave home sometimes—trust us, we know. But Glades Diamond in Panama Beach County, Florida believes it is important to not only stay active in your community, but to also express curiosity about new subjects. This event is the perfect chance to spread your roots and learn new things.

#TaxRefund #SavingMoney
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