It’s that time of year again to receive your tax refund.
Some people call it, “Black folks’ Christmas.”
It’s the time of the year that people are trying to buy and sell social security numbers.
That’s right, it’s tax refund season. You see all the commercials, hear all the tax companies trying to say they’ll get you the biggest refund ever, blah, blah, blah.
But the better question is, what are you supposed to do with that refund? If you do get a refund, it’s widely known that a dollar in the African American community doesn’t stay around for a long time.
So, with a windfall of money with your tax refund, many of us start to change our situation IF we change our mindset. So here’s what NOT to do.
1. Get a new car with your tax refund.
Income tax returns often mean automobile upgrades.
But if the current one was still running fine, why upgrade and get into debt?! If you must buy a car for something important like your job, then buy it cash.