The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
The IRS says about three in four Americans receive refunds each year and the average refund amount is around $2,900. That's a lot of money that you can spend, save or invest.
If you're going to spend it, then spend it wisely. You can start by paying down expensive debt, such as credit card debt. Financial advisors universally rank getting rid of credit card debt as one of the best ways to spend your tax refund.
You could alternately spend it on any kind of maintenance project—on your home or auto repairs—that would otherwise cost you even more money down the line if you put the expense on a credit card or had to dig into savings.
If you haven't had a health or dental checkup, now may be a good opportunity. Also, putting the money toward insurance if you don't have health, life or disability coverage can help protect your finances in the long run.
You could also save your refund by building up emergency cash reserves. Most financial advisors recommend building enough reserves to last you six months should a crisis arise.
Consider saving it for your children. Open up a 529 plan so when it comes time to send your child off to college, the burden will be more manageable.
There are many ways to allocate your tax refund. Just keep in mind that it is not "free money." It is your hard earned income and you'll want to put it towards improving your financial life.
Securing your retirement is one of the best investments you could make. Invest in yourself by increasing your contributions to your 401(k) or IRA.
If you're 50 or older, use the refund money to help fund a "catch-up" contribution if you have been unable to do so before.
If your retirement is in good shape, then invest it in your career. Maybe it's time to start that side business you've always dreamed of or take a college course or specialized training to advance your career.
And If you don't know where to invest the refund money right now, park it in a money market account. Let it earn interest (even if it's just 1 percent) while it's just sitting there.
Your goal should be to maximize your refund by investing it in something that will give you a reliable return.