30 Best Things to Do with Your Tax Refund. It’s tax refund time! While it may be easy to go out and buy every little thing you’ve added to your Amazon wish list, you may want to stop and think for a moment. Spending your entire tax return on stuff may not be the best use of your money. We all want to run out and buy things we've had our eye on, but it can be spent better elsewhere.
For example, you probably have credit card debt. Studies have shown that every household in America owes about $16,000 in credit card debt. Much of this is through high-interest credit cards, which can be pretty difficult to pay off. Even if you keep paying the minimums, it’s unlikely you’ll ever be able to pay it off! That’s a frightening thought, right?
What if you used your tax refund to pay down that high-interest debt? That’s an immediate thought for some people, but others may not think of it. There’s actually a lot of smart things you can do with your tax refund that will make your life infinitely easier.
It doesn’t matter if you got back a few hundred dollars or if you got back thousands, you can use your refund in a smart way. Try picking one or two of these things, and you’ll be thankful by the end of the year. Naturally, these suggestions won’t work out for everyone, but that’s alright! Just pick the ones that fit your lifestyle and relax knowing you spent your refund right.