Fun Things To Do With Your Tax Refund

We are in the middle of tax season and you may be anticipating a chunk of cash back from Uncle Sam. You may have identified paying some bills, or making an investment.  You may want to try a few of these suggestions:

  • Donate to a charity, like a local animal shelter, homeless shelter, or another group you would like to donate some funds.
  • Update a room – furniture, paint, might be the way to go.
  • Pay off a car – If you have enough in your refund – you could free up some cash in the future by paying off your car payments early.
  • Take a trip – weekend getaway or a resort spa weekend.
  • Clear your Credit Card Debt – take your outstanding balance down to zero and start your financial freedom.
  • Tackle a Hobby – What to learn how to play golf, or ride a horse, cooking classes – develop a new hobby.
  • Help Someone Out – Gift some money to someone who is down on his or her luck.
  • Fill the Pantry – stock up on everyday necessities. Use some digital coupons to save even more.
  • Upgrade your Electronics – New cell phone, tablet, TV or laptop – look for refund sales at the store.
  • Tuck it away –put some cash in bank for a “rainy” day – The cushion will help you out.

Susan Taylor

Resources are important whether you are looking to rent your first apartment, pay your bills, buy your first home or send your child to college. There are many ways to save money to reach your goals, and hopefully ISU Money Tip$ will be one of them. I enjoy traveling, needlework and am a novice gardener.

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