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Its tax season and you have been pulling your hair out getting your taxes in and on time. You are crossing your fingers for a decent refund check and now you are planning. What to do with that extra cash you are expecting? Here are 5 things you can do with your tax return, that check, some fun and some not as fun:
Probably the most sensible and financially responsible thing to do once you receive your tax refund is pay off that credit card or those old student loans. It may not be as much fun as spending it on a new electronic toy but getting rid of the debt or at least hacking it down some can relieve your stress and help your credit. So before you head to that fancy overpriced restaurant down the road, opt on making dinner at home and paying that bill.
Paying next month’s bills ahead of time or saving for a future expense will give you a piece of mind. Take your tax refund check and save yourself some stress and go ahead and pay next month’s bills to get them out of the way. If you have an expense coming, like a car checkup, hair appointment or a friend’s wedding, save your money for that. Think ahead and pay ahead with your tax refund check.
You worked hard and now it’s time to play hard. Put your tax refund check towards that long waited vacation. It is important that you give yourself a break every now and then to keep sane. There are many affordable trips to be had. Do your homework and search for plane tickets ahead of time. There are always good rates online for hotel stay as well. Go ahead and that R&R with your refund.
As soon as you get that tax refund check, take it to the bank and straight into your savings account. You can never have too much savings can you? Didn’t think so. When that next big purchase or family emergency pops up, you will be glad you decided to be a smart saver and not spend.
This is one is for the dreamers. But hey, sometimes you just need to spoil yourself. You have earned it. Whether it is that new TV, lap top or a day at the spa, spend that sucker on something fun. You may have a guilty feeling spending that money on yourself, but promise you that one movie into your new TV you will be signing a different tune. It is up to you on how you spend your refund check this year. Have fun or be responsible. Either way it is a win-win. Good luck with your decisions and happy tax season!
Author Bio: Kate Croston is a freelance writer, holds a bachelors degree in Journalism and Mass Communication. She writes guest posts for different sites and loves contributing home internet service related topics. Questions or comments can be sent to: firstname.lastname@example.org