Spend That Tax Refund Wisely

April 30, 2011

You’ve checked the mail for days, just hoping to see that envelope from Uncle Sam himself. And finally, it arrives. Your tax refund is finally here and you can’t wait to spend it on something – anything. But before you head to Amazon and start clicking away, you may want to consider using that money to pay off outstanding debts.

On the FreeScore.com blog, the Good Score Guys from FreeScore’s popular TV commercials suggest using your tax refund to pay off debt. While it may not sound nearly as fun, putting your tax refund toward paying off credit card, student loans or other debts can be infinitely more beneficial to your financial well-being than buying the latest electronics. Not only can this help you break bad spending habits, but it can also show credit issuers and agencies how responsible you are. Even if you don’t realize it, companies access your credit scores all the time to see if you’re a good candidate for credit cards and other forms of credit.

If you want to see what those companies see when they check your credit, visit Freescore.com. Once you’re there, you can view your credit scores and information from all three major credit bureaus – TransUnion, Equifax and Experian. You’ll get a clear picture of your credit status and see what’s been affecting your scores for better or worse.

To learn more about credit scores and the impact they can have on your life, visit the Freescore blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.



Thank you for the post. It does seem to make sense to pay off some debt. That brings positive momentum. I try to encourage my customers to take some of their tax return money and do something they enjoy. Go out for a nice dinner, buy a gift for a loved one, or something small for yourself. Life has to be about more than money and debt.

Brian Hayes



That’s a lovely sentiment, Brian!

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