Do You Expect A Tax Refund This Year?

Tax season is creeping up on us again. Are you expecting to receive a refund this year?

If so, that money should be used to pay down debts.

A lot of people see this as "found" money - something they can use to go out and splurge on the latest gadget or take that trip they've been waiting for.

But it's not free money. You earned it in the first place, and while you may have been forced into "saving" it by the government, it's still part of your overall financial picture.

Using it to pay down existing debt isn't nearly as fun, but it's a heck of a lot better for you in both the short- and the long-term.