Getting a tax refund is like Christmas for adults. Sure, it’s nice to be rewarded and finally get the deserved fruit of your labor, but people tend to make some unwise decisions once they get their money. To avoid making a stupid mistake, here are eight “Do Not’s” when utilizing your refund.
Uncle Sam is not God
Uncle Sam is not a god that gives you this glorious blessing each year. Uncle Sam works for the man–always remember that.
Do Not Show Off
Never ever post your money on social media– you are not Floyd Mayweather. Be conservative and humble with your refund because bragging will bring you beggars. You don’t want your third removed cousin Tee-Tee hitting you up for a loan.
Do Not Ball Out
Whether it is a new wardrobe, a 24 inch Brazilian body wave or the iPhone 10. 0–stray away from splurging on things that you usually can’t afford. We’re not saying you can’t treat yourself, but be practical.
Do Not Become a Sugar Mama
Do not put money down on something you don’t plan on paying off
Do not avoid paying Bills
Do not claim an illegitimate child as your own
If the kid is not yours, do not try to claim them on your taxes. The extra money may be tempting, but if you didn’t birth them,don’t exploit them. Leave that to their parents.
Do not avoid paying what you owe