Instead of spending your tax refund on consumer goods that have virtually zero value as soon as you get them home, consider using that money to help create future financial security.
Here are a few smart ways to use your tax refund:


Pay down credit card debt. 

If you regularly carry a monthly balance, you could be paying upwards of 20% interest. The sooner you pay it off, the more you’ll save!


Start a nest egg

Set the money aside and keep adding to it until you have enough to make an investment that will earn you even more money.


Consider a revenue property. 

While you’re saving, start researching the market. By choosing the right property, the revenue will cover your monthly payments and you’ll end up with substantial equity—which you can use to invest in a second property.


Do strategic renovations. 

By upgrading your kitchen or bathroom, you can add resale value to your home.


Invest in professional development.

Take a course or attend a conference that will help advance your career and increase your earning power.


Make a charitable donation. 

Not only will you be helping a worthy cause, you’ll generate an even bigger tax refund next year.