If you are waiting on your tax refunds, you probably have several ideas of how you want to spend your money. The problem is that most individuals that receive tax refunds consider them as ‘found” money or like a windfall (i.e. lottery money, rebate, etc.). The problem with found money is that individuals do not give the same consideration to spending it as they do the money they work hard to earn. In other words, it is easier to blow tax refund money than money you work to earn.

To learn about smart ways to spend tax refund money read, “What (not) to do with your tax refund.”