Guides / Finding the money
What to do with a tax refund or windfall
A simple split so some of it builds your funds.
Tax refunds, bonuses and gifts are the easiest way to jump-start your funds, because you weren't counting on the money each month.
A simple split
- Decide a split before the money arrives, for example half to funds, a quarter to debt, a quarter to enjoy
- Fill the starter emergency fund first
- Then top up the sinking fund that's furthest behind
Watch out for
Refund-anticipation loans and offers to "get your refund faster" for a fee. Check the costs carefully before agreeing to anything.
General educational information, not financial advice. Stretching Funds Today isn't paid by any bank or company.