Make these moves with your tax refund to pay off debt

Financial professionals are advising clients to put money from tax refunds toward financial goals, rather than spending it.  

One personal finance expert said she paid off $200,000 in student debt by using the “debt avalanche method.”

This method focuses on paying off the debt with the highest interest rate first. This means aggressively paying down the principal on the highest-rate debt while making minimum payments on the rest.  

Read more: CNBC

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