Money is a feminist issue — and yet, women are still reluctant to talk about it. According to a recent Bustle survey of more than 1,000 Millennial women, more than 50 percent of people said they never discuss personal finances with friends, even though 28 percent reported feeling stressed out about money every single day. Bustle's Get Money series gets real about what Millennial women are doing with their money, and why — because managing your finances should feel empowering, not intimidating.
With tax day just around the corner on April 18, chances are you're thinking about what you’ll do with your tax return — assuming you'll be getting one. If you’re curious how you should spend your tax refund, I asked some experts for their thoughts. After all, it's WAY too easy to go make an impulse purchase and end up having none of your tax return left. "While we all love treating ourselves to a splurge purchase, it's important to balance this by saving or investing some of your tax refund, too," Fidelity Investments Vice President Onisa Treibs tells Bustle. "Decide up front what your spend/save split will be — whether it's 50/50 or 40/60 — and commit to it so you can have your treat and still stay on track with your financial goals."
Sounds like solid advice, yes? That is, as long as you commit to the percentage you agree to spend versus save. But I know — you have this seemingly large check sitting in front of you: What's the harm in spending it, right?! Can't you just save or invest more of your paychecks from now on instead? However, before you rush off to the bank to cash that check, read what the experts below have to say about what to do with your tax return. Your bank/investment account(s) will thank you later, trust me.