We all get really excited when we fill in all our forms, submit all our receipts, go over our expenses, and find out we’re eligible for tax refunds. We start mentally spending it right away: this much for the house, this much for fun, maybe I’ll pay rent with this, etc. And, with direct deposit refunds now available we’re getting them faster than ever–sometimes less than a week after filing!

But as great as tax refunds are, many financial advisors say that if you’re getting a refund, you’re getting a bum real. That, in fact, a refund is a sign of poor financial management. Here’s why: Continue reading “Is Getting Tax Refunds Better than Owing Money?”