Menu
Finance
Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review Ė Overview of PNC Bank Accounts, Loans and More
Hereís Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATMís OS is a Decade Old: Hereís Why Banks Are Scrambling to Update It
What You Need to Know About Obamaís $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Hereís Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
5 Best Ways to Spend Your Tax Refund
If youíre lucky enough to be receiving money rather than owing it this tax season, resist the urge to hastily cash that check. While we usually recommend saving your tax refund, there are also a number of smart ways you could spend it instead.

1. Pay off a Lingering Debt

Not only does outstanding debt reduce your net worth, but you continually lose money to interest charges as well. If you have a credit card bill, loan balance or other debt dragging down your finances, the best thing you can do with your refund is pay that debt off.

2. Go Ahead and Splurge

It turns out treating yourself every once in a while to a spending splurge is a healthy way to remain motivated in following a budget. Seem counterintuitive? Think of sound money management as the equivalent to following a healthy diet; itís a lot easier to eat that salad every day if you know you can have a cupcake on the weekend.

3. Put a Down Payment on a Car

According to the IRS, the average refund is about $3,034 this year ó thatís enough for a 20 percent down payment on a $15,170 loan. Considering how low auto loan rates are today, now is a great time to use your tax refund to buy a car if youíve been considering the major purchase.

4. Upgrade Your Home

Home improvement can be a costly venture, but you can make upgrading your home an investment in the future. According to realsimple.com, things like painting, replacing windows and landscaping help to increase your homeís value, which means more money in your pocket when youíre ready to sell.
5. Donate to Charity

Finally, if you have everything you need for right now, consider helping out a cause that could use the money today. Bonus: You might be able to write off the expense next year for added savings.


Menu
Hey Ladies: Donít Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Yearís Average Tax Refund is $3,034
How to Start Saving Money for Your Babyís College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesnít Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Wonít Admit Youíre Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrickís Day
What Four Leaf Clovers and Interest Rates Today Have in Common
Name
Name

Password