Tax refunds are a relief for people of all backgrounds, rich or poor. When that cheque comes in, then there’s no doubt you’ll be using it as soon as possible, or thinking of ways you could reinvest your money. Some might ask a certified financial planner for their advice on where to best put this money, but what if it is under $500? That is not enough for any kind of investment is it?
Then you are about to be surprised, here are five great ideas for investing a tax refund if you receive $500 or less back from the IRS this year. Naturally, all these investments are to do with your home, the biggest investment you have.