The alternative: Make a list of all of the things you've wished you could purchase outright during the last year, and carefully select something from it. You're less likely to overlook other, more useful purchases this way. Even then, once you've reached a decision, it couldn't hurt to sleep on it.A phone on its own may not be an unwise purchase, but a new phone is often cheaper when you agree to extend your contract at the same time, and it may also require a more expensive data plan. Using your refund to heighten your financial obligations in the future is no way to get ahead.
5 Questionable Uses For A Tax Refund
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