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Home / News & Financial Education / Make the Most of Your Tax Return
Make the Most of Your Tax ReturnBy Raquel Tolman on 4/14/2025

Make the Most of Your Tax Return

Tax season is over, and that means that tax refund season is beginning! Before you spend that bonus check, take a moment to think about how it can benefit you in the long run. Whether you want to build savings, pay off debt, or invest and grow your retirement fund, your refund is a chance to strengthen your financial future.

Here are some strategies for handling your refund wisely.

Build Your Emergency Fund

If you don’t have at least six months' worth of expenses stashed away, use your refund to get closer to that goal. An emergency fund is a must, and a refund can be the savings boost you need to best prepare for the unexpected. To learn more about the importance of building an emergency fund, click here.

Pay Down Debts

Struggling with debt? Whether it’s student loans or credit card payments weighing you down, helping relieve debts can support your financial AND mental wellbeing—and your tax refund can help you get ahead! Start by paying your highest-interest debt first and then moving on to additional outstanding debts from there.

BridgeBuilder High Yield Savings

Whether it’s a down payment on a home, an upcoming major expense or a vacation, grow your refund with a BridgeBuilder High Yield Savings Account! This account ensures your money grows while you plan. Click here to get started. 

Know Your Needs

As a dog mom to two adorable pups, it is important for me to be prepared for anything. Building an emergency fund has helped our family through unexpected vet visits and treatments and offers peace of mind knowing that if anything unusual occurs, we have financial support available. Before treating yourself to another fancy dinner, consider you or your family’s needs and let your tax refund support you, your way. And if you feel that you’re in good shape, then enjoy that fancy dinner and don’t forget dessert! 

Start Saving

 

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