Chicago, IL- March 27, 2014- Deciding what to do with a tax refund is an important decision, especially in today’s economy. The Better Business Bureau (BBB) advises consumers to consider a few options that can provide long-term financial benefits.
“Many people receive a large sum of money from their tax returns,” says Steve J. Bernas, president & CEO of the Better Business Bureau serving Chicago and Northern Illinois. “It is important to spend your tax return money wisely to have a financially stable year.”
Here are some tips for tax refund recipients:
Bernas noted that if debt is a problem, consider a credit counselor. Certified consumer credit counseling agencies can assist people who are facing financial challenges and are looking for debt relief. The BBB has free Business Reviews on Credit & Debt Counseling firms in Northern Illinois at www.bbb.org
“Consumers need to keep their financial goals in mind,” Bernas stated. “Consider using your tax refund toward these. Put a set of long-term and short-term goals together. You’ll be more conscientious about how you spend your refund and how to use any other extra money that comes your way,” he explained.
For more consumer tips you can trust, visit www.bbb.org
As a private, non-profit organization, the purpose of the Better Business Bureau is to promote an ethical marketplace. BBBs help resolve buyer/seller complaints by means of conciliation, mediation and arbitration. BBBs also review advertising claims, online business practices and charitable organizations. BBBs develop and issue reports on businesses and nonprofit organizations and encourage people to check out a company or charity before making a purchase or donation.