Mix Business With Pleasure

A pleasure purchase, such as a new television, as a reward for using at least one-half of your refund to improve your financial security. Paying off debt on your highest-interest loans or credit cards is sound financial Debts with lower interest rates, such as student loans, aren't as critical as long as you pay the minimum. If debt isn't your biggest concern, then make sure your "rainy-day fund" is given one-half of your tax refund.