The truth is most Americans out there wouldn’t be diligent with saving that refund throughout the year. The money would be innocently and quietly spent every month. Very little of it would be set aside for goals, retirement, or traveling abroad.
That’s not good.
In other words not only would you miss out on the big tax refund, but you would blow the money during the year and also miss out on the gains you could earn from having the money in a savings or investment account.
