5 Smart Ways to Spend Your Tax Refund

Here's some sensible and smart ways to spend and invest your refund check this year.

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If you haven't already, it's time to start saving. Open a savings account and watch your money grow. Lots of banks are offering high interest on your money right now as an incentive to save.
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You can never start planning your days of retired bliss too early. Use this years refund check to start a Roth IRA, a savings plan that allows you to make contributions and cash in once you retire.
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Use those refund dollars to invest in your children’s education. A 529 Savings Plan is a great way to get a jumpstart on college while your kids are still young. The 529 plans provide tax advantages guaranteed by section 529 of the Internal Revenue Code.
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Spring is a great time to start that home improvement project that you’ve been putting off. Many home improvement stores have great specials and sales going on right now. Use that refund to update your kitchen, Lowes is offering 10% off appliances right now.
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Karma may smile on you if you donate some of your refund to charity. Your favorite local charity would be thrilled to get in on your windfall.
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