Congratulations! You got a tax refund! Now what? Well, instead of just spending it all on a whim, here are some ideas on how you can invest that money to benefit you in more ways than one!
1. Invest in Your Liabilities
If you have debts you need to pay off, or payments you could pay in advance, now is the time to do so! Put that refund to good use and save yourself future stress.
2. Invest in Your Home
Broken dishwasher? Torn up furniture? Busted door frame? Use your tax refund to fix the little flaws that have been bugging you, or spruce up your house for a change or scenery.
3. Invest in Your Family
Have or want kids? Grand kids? Start a college fund in a High-Yield savings account to help them further their education, buy their first home or plan an amazing wedding.
4. Invest in Your Dreams
With your tax refund, start or add to a fund for your next vacation or that new car you've been dreaming of.
5. Invest in You
Splurge on you! Go on a much needed, and well deserved shopping spree at the mall or pamper yourself with a spa day- mani/pedi included!