11 Ideas To Spend Your Income Tax Refund

So, you just received your annual windfall via the IRS.  Yes, it’s refund time again for millions of American families.  If you did not get your billions back this year, don’t worry.  A few thousand is just right when you need some extra cash in your pockets.

However, here are a few helpful tips to consider when your refund is finally deposited into your account or you have your Treasury Check in hand:

WHAT TO DO WITH MY 2015 REFUND

1. Savings
Put over half of your refund in a saving account; the more you save, the better the return.

2. Pay Off Credit-Card Debt
Depending on how much your refund is, try to pay off at least one credit card.  If your debt is more than your refund, pay at least 10% more than the required amount.

3. Rebuild Your Emergency Fund
This is the time to start building that raining day fund back up.

4. Buy Stock
Invest some of your refund into some stock, your return may be greater than your next tax refund.

5. Build Your College Savings
Plan on going to college, start saving now.

6. Pay Up On Your Student Loan
That student will not disappear, pay a large some each year in addition to regular payments and watch has fast that loan decreases.

7. Car Loan
Pay at least one extra car note up, it saves on the back end.

8. Pay Up On A Couple Of Bills
If you are not caught up on your regular bills, go ahead and caught up on them now. If you are,  pay ahead on a few.

9. Invest in Your Home
Need new carpet, refrigerator, stove, etc. now is the time to find great deals and improve on your home.

10. Take a class
There is nothing better than learning something new, it’s allows great to invest in yourself.

11. Start a Business
Waiting to start a business, let’s get rolling.  Begin with the paper work, trade name, business license, LLC formation, business bank account, and you’re ready to GO!