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Assuming you are receiving a tax return this year, what are you going to do with it?  Save it or Spend it?

If you are like most people, you plan on spendingit… at least some of it.

If you are planning on spending your windfall, treat that money as you would your regular income.  Don’t let the idea of some extra money burn a hole in your pocket.

Keep in mind that this money is not a gift from the government… it is YOUR money!  As a matter of fact, if you are receiving a huge return, you need to take a look at your withholding, you are likely having too much taken out of your check.

Let’s take a look at a few of the “smart” ways to spend that return:

Pay off some debt.  If you can’t decide what debt to payoff, tackle the credit card with the highest interest rate. By paying off the balance with the highest interest first, you increase your payment amount on the highest interest rate card while making minimum payments on the others. If possible, try to make weekly or bi-weekly payments to help pay off the debt faster.

Add to, or start, your “Emergency Fund”.  Most of us are one paycheck away from financial disaster.  If a major, unexpected expense should arise, it could put you into a financial crisis that would be difficult to get out of.

Spend it on something that you really need.  Replace those bald tires on the car… replace the water heater that you know is on its last leg… have that dental work done that you have been putting off… Take care of these necessities before you are forced to take care of them.

If you find yourself in what feels like a financial disaster, even after receiving your tax refund, or would like to find out about becoming debt free, call Debthelper at 800-920-2262, or visit @ www.debthelper.com.