The Refund Reality Check

The average tax refund is around $3,000. For most people, that money disappears within a few weeks. A new TV here, some clothes there, maybe a nice dinner or two. Before you know it, it's gone and you can't really remember where it went.

The Math of Freedom

Let's say you have $10,000 in credit card debt at 22% APR. You're paying $200 a month. Without the refund, you're looking at about 6 years to pay it off, paying over $4,000 in interest.

Not All or Nothing

You don't have to be a monk about it. A balanced approach might look like: 50-60% toward debt or savings, 20-30% for something you actually want, 10-20% for experiences or fun.

See the Impact

Use Spendify's what-if calculator to see exactly what your refund could do.