Our Top Ten Things To Do With Your Tax Refund
If you are getting a tax return this year, here are ten ideas of what to do with the extra cash.
EMERGENCY FUND – Don’t get caught in financial stress if something happens. An emergency fund with at least six months of expenses is a good cushion to have saved.
PAY DOWN DEBT – Put your refund to work by putting it toward existing debt, especially high-interest debt, such as credit card bills, private student loans, or title loans.
HOME REPAIRS – Whether your house requires necessary improvements or you’d like to increase property value by updating the design, your tax return could be a good way to get those house projects going.
DEPENDABLE CAR – If you can’t get to work, it will be hard to earn your paycheck. Put your return toward a down payment for transportation you can trust and feel secure driving.
INVEST IN THE FUTURE – Open an individual retirement account or contribute more to your existing IRA.
CHRISTMAS CLUB ACCOUNT – Let us help you save toward a goal; from holiday gifts to a special occasion — anything goes!
COLLEGE FUND – Do you have big plans for your kids’ futures? Maybe you’re wanting to go back to school yourself. Put your return toward enhancing your family’s education.
YOUR “LATER” LIST What have you been putting off — dental work, new glasses? Start investing in taking care of yourself.
NEW APPLIANCES – Is your oven not heating as fast as it used to? Refrigerator making a sound you’ve been ignoring? It might be time to update before they die completely.
VACATION – You work hard; you deserve some time away. Take the time to refresh and spend time with people you love, away from the daily grind.