Pay Off Debt
Gain more financial freedom by getting rid of debt. While this technically means you’re not saving your refund, paying off a
high-interest debt will save you money in the long run.
Contribute to an IRA
An IRA (Individual Retirement Account) allows you to save for retirement with tax-free growth or on a tax-deferred basis. Maximize your refund by contributing to one!
Build an Emergency Fund
Using your tax refund to either add to or create an emergency fund is a wise financial decision. You’ll enjoy peace of mind knowing you have money on hand to cover unexpected expenses.
Take an Educational Course
Give your resume a boost or just enjoy expanding your mind by using your refund to take a course.
Investing in your health is always a good idea! If you’ve been wanting to get in better shape, consider spending your refund on workout equipment, a gym membership or a personal trainer.
Certain upgrades can lower the cost of your energy bills. From replacing old appliances with ones that use less electricity, to installing energy efficient windows, you can save money by spending your refund on the right updates.