 TITLE: What to Do With Your Tax Refund CONTENT: Prepare for Financial Emergencies\n---------------------------------\nThe year 2020 might have gone a little overboard in illustrating the value of emergency funds. Between the global pandemic and the economic crisis—punctuated by wildfires, hurricanes and political upheaval—as well as all the major and minor personal financial crises people face in a typical year, the importance of having money in reserve has never been clearer.\nYour tax refund is the perfect seed money for an emergency fund. Although it's a good practice to build up three to six months' worth of expenses in an emergency account, starting with a few thousand dollars from your tax refund gives you a huge leg up. You may not earn a massive amount of interest, but keeping your emergency funds in a dedicated savings account will help you avoid spending it. END